Hey there, folks! Marie Walton here, your friendly neighborhood REALTOR® with Ebby Halliday REALTORS. I hope you’re all doing well and staying warm as we navigate through this chilly February in Allen, Texas.

Let’s jump right into the market update, shall we? Currently, we’re looking at a 1.94 Months Supply of Inventory in Allen. And guess what? Over the last 12 months, we’ve seen a 22.78% increase in the Months Supply of Inventory. That’s some valuable information for both buyers and sellers to consider as they navigate the market.

Now, when it comes to List to Sold Price percentage, Allen is sitting pretty at 98.2%. That means sellers are getting a great return on their investment, and buyers can rest assured that they’re making a solid purchase.

The median days on market in Allen is currently 32 days. That’s a quick turnaround time for those looking to sell their homes, and a great opportunity for buyers to find their dream home without waiting around for too long.

And last but certainly not least, the median sold price in Allen is $515,000. This gives us a good idea of the market value in the area and what buyers and sellers can expect when it comes to pricing.

So, whether you’re looking to buy or sell in Allen, Texas, now is the time to make your move. With low inventory, high list to sold price percentage, and a quick turnaround time, this market is definitely one to keep an eye on.

That’s all for now, folks! Stay tuned for more market updates and helpful tips from yours truly, Marie Walton. And as always, if you have any questions or are ready to make a move, don’t hesitate to reach out. Happy house hunting!