Welcome back, everyone! I’m Marie Walton, a proud REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you a market update for Allen, Texas. There’s a lot happening in our vibrant city, and I’m excited to share the latest insights with all you buyers and sellers out there.

Let’s start with the Months Supply of Inventory, which currently stands at 2.58. This metric indicates the number of months it would take to sell all the active listings on the market if no new properties were listed. Over the past 12 months, we’ve seen the Months Supply of Inventory increase by 3.61%. This suggests that while demand remains strong, we’re also seeing a healthy influx of new listings to meet that demand.

Now, let’s talk about something that’s on every seller’s mind – the List to Sold Price percentage. In Allen, Texas, sellers can expect to achieve an impressive 99.3% of their list price. This means that, on average, homes are selling very close to their asking price. It’s a testament to the strong demand and the value that Allen’s real estate market offers.

Time is of the essence in the real estate market, and the median days on market is a key indicator of how quickly homes are selling. In Allen, the median days on market currently stands at 35. This means that half of the homes listed for sale are selling within 35 days. It’s crucial for sellers to understand this dynamic and price their homes competitively to attract motivated buyers.

Lastly, let’s talk about the median sold price in Allen. As of October 2023, the median sold price is $510,000. This is a reflection of the value and desirability of our housing market. Whether you’re a buyer or a seller, it’s important to have a clear understanding of the local market trends and the price range you can expect.

That wraps up our market update for Allen, Texas. If you’re considering buying or selling a home in our beautiful city, I encourage you to reach out to me or any of my colleagues at Ebby Halliday, REALTORS. Our team is committed to providing you with exceptional service and expert guidance throughout your real estate journey.

Thank you all for dropping in, and remember, when it comes to real estate in Allen, Texas, trust the professionals at Ebby Halliday, REALTORS. Stay tuned for more updates, and until next time, take care and happy house hunting!