Hey there, folks! Welcome back to my blog. I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, I’m here to give you an exciting market update for July 2023 in the beautiful city of Allen, Texas. Whether you’re a buyer or a seller, this information is going to be valuable for you.

Let’s dive right into the numbers, shall we? Currently, we have a 2.23 Months Supply of Inventory in Allen. That means if no new homes were listed, it would take approximately 2.23 months for all the existing homes to be sold. This indicates a somewhat balanced market, which can be great news for both buyers and sellers.

Now, let’s take a look at the trend over the last 12 months. The Months Supply of Inventory has seen a decrease of 12.55%. This indicates that the demand for homes has been consistently strong, resulting in a smaller inventory and potentially more competition among buyers. Sellers can take advantage of this situation, as it might lead to faster sales and potentially higher prices.

Speaking of prices, let’s talk about the List to Sold Price Percentage. In Allen, it currently stands at 100.2%. This means that on average, homes are selling for slightly above their listing prices. It’s a great indicator of a healthy market and reflects the strong demand we mentioned earlier. Sellers can be confident that they have a good chance of receiving a fair price for their homes.

Time is money, right? Well, in Allen, the median days on market is just 21 days. That’s right, homes are selling fast! This figure showcases the high demand for properties in our city. Buyers need to act quickly and be prepared to make competitive offers in order to secure their dream home.

Now, let’s talk numbers. The median sold price for homes in Allen, Texas is currently $540,000. This is a great figure for sellers, as it shows a strong market with good appreciation potential. For buyers, it’s essential to work with a knowledgeable REALTOR® who can help navigate this competitive market and negotiate the best deal possible.

So, there you have it, folks – the market update for July 2023 in Allen, Texas. With a balanced market, high demand, and homes selling above their listing prices, it’s an exciting time for both buyers and sellers. If you’re considering making a move in Allen, now is a great time to get in touch with me at Ebby Halliday, REALTORS. I’m here to guide you every step of the way!

If you found this information helpful, don’t forget to hit that like button and subscribe to my blog for more updates. And as always, if you have any questions or need assistance with your real estate journey, feel free to reach out. Thanks for watching, and I’ll see you in the next video. Happy house hunting!