Hi there, I’m Marie Walton with Ebby Halliday REALTORS, and today I’m here to give you a market update for Allen, Texas as of June 2024. Whether you’re a buyer or seller, this information will help you make informed decisions in this ever-changing real estate market.
Currently, Allen has a 4.94 Months Supply of Inventory. This means that if no new listings were to come on the market, it would take just under 5 months to sell all the homes currently available. Over the last 12 months, we’ve seen a 25.38% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.
The List to Sold Price percentage in Allen is currently at 98.1%. This means that, on average, homes are selling for just over 98% of their list price. This is great news for sellers, as it shows that homes are still in high demand in this area.
The median days on market in Allen is 93, which is a bit longer compared to previous months. This could indicate that buyers are taking a bit more time to make decisions or that there is more inventory available for them to choose from.
And finally, the median sold price in Allen is $398,750. This is a strong indicator of the health of the market and shows that Allen continues to be a desirable place to live and invest in real estate.
So, whether you’re looking to buy or sell in Allen, now is a great time to make a move. If you have any questions or would like more information, feel free to reach out to me at Ebby Halliday REALTORS. Thanks for watching, and I’ll see you next time with more market updates.
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Marie Sells Dallas 