Hey there, everyone! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday REALTORS. Well, today I’ve got an exciting market update for all you buyers and sellers out there in beautiful Allen, Texas.

So, let’s dive right into it. Right now, we have a total of 1.9 months supply of inventory on the market. Now, I know that might sound like a bunch of jargon, but what it means is that we have a limited number of homes available for sale. So, if you’re thinking of selling your home, there’s definitely demand out there.

And get this, over the last 12 months, the Months Supply of Inventory has actually decreased by a whopping 14.8%. Now, that’s great news for sellers because it means that there are fewer homes on the market, which can lead to increased competition among buyers.

Now, let’s talk about the List to Sold Price percentage. It’s currently at a fantastic 97.3%. Translation? Sellers are getting a pretty penny for their homes. And buyers, don’t worry, this doesn’t mean that you have to break the bank. It just means that sellers are getting closer to their asking price, which is a good sign for the overall health of the market.

Moving on, the median days on market is 41. That’s the average number of days it takes for a home to go from listing to sold. So, if you’re a seller, this number can give you an idea of how long you might expect your home to be on the market. And for buyers, it means you might have to act fast when you find that dream home.

Finally, let’s talk about everyone’s favorite topic—the median sold price. Currently, in Allen, Texas, the median sold price is a healthy $565,000. Now, keep in mind, this is just the midpoint of all the home prices, so there are plenty of options out there for different budgets.

So, whether you’re buying or selling, it’s clear that Allen, Texas is a vibrant and competitive market. If you’re thinking of making a move, now could be a great time to seize those opportunities. And of course, if you need any assistance or have any questions, I’m here to help. Just reach out to me, Marie Walton, your trusted REALTOR® at Ebby Halliday REALTORS.

Thanks for dropping in, and remember, dreams come true when you find the perfect place to call home. Until next time, take care and happy house hunting!