Hello, and welcome back. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m bringing you a market update for April 2024 in Allen, Texas.

Currently, we are seeing a Months Supply of Inventory at 3.19, which is a slight decrease from previous months. However, over the last 12 months, we have seen an increase of 88.76% in Months Supply of Inventory, indicating a shift in the market. 6 months is considered a balanced market, so we are only about half way there.

The List to Sold Price percentage is holding strong at 100.1%, showing that homes in Allen are selling at or above asking price.

The median days on market is 20, which is a clear indicator of the high demand for homes in Allen. Sellers are seeing quick turnaround times on their listings.

And finally, the median Sold Price in Allen is currently sitting at $566,250. This represents a healthy market with stable pricing.

Whether you’re a buyer or a seller, now is a great time to make a move in the Allen real estate market. If you have any questions or are looking to buy or sell a home in Allen, feel free to reach out to me.

Thank you for dropping by, and stay tuned for more market updates and real estate tips. Remember, I’m here to help you every step of the way. See you next time!