Good afternoon, everyone. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m here to give you a comprehensive market update for Allen, Texas in November 2023. Whether you’re a buyer or a seller, this information is crucial to making informed decisions in today’s real estate market.

Let’s start with the inventory levels. Currently, Allen, Texas has a 2.37 months supply of inventory. This means that if no new homes were listed, it would take approximately 2.37 months to sell all the existing homes on the market. Now, compared to the previous 12 months, we’ve seen a decrease of 2.87% in the months supply of inventory. This indicates a tightening market, potentially favoring sellers.

Moving on to the list to sold price percentage. In Allen, Texas, sellers are receiving a remarkable 98% of their list price. This high percentage demonstrates the strong demand for properties in our city and the value buyers place on the homes here.

Now, let’s talk about the median days on market. Currently, the median days on market in Allen is 37. This means that, on average, homes are selling relatively quickly. Buyers need to act swiftly to secure their dream home, while sellers can take confidence in the market’s efficiency.

Finally, let’s discuss the median sold price. In Allen, Texas, the median sold price stands at an impressive $635,000. This figure reflects the strong market conditions and the value that buyers are willing to invest in our beautiful city.

As a REALTOR®, it’s my duty to provide you with accurate and up-to-date information about the market. Whether you’re looking to buy or sell, understanding these numbers can help you make sound decisions. If you have any questions or would like to discuss your specific real estate goals, please don’t hesitate to reach out to me.

Thank you for dropping in on this market update. I’m Marie Walton, your trusted REALTOR® with Ebby Halliday REALTORS. Until next time, stay informed and have a great day!