Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update for July 2024 in Allen, Texas.
Let’s dive into the numbers. Currently, we have a 4.35 Months Supply of Inventory in Allen. This means that if no new homes were listed, it would take 4.35 months to sell all the existing homes on the market. Over the last 12 months, Months Supply of Inventory has increased by 69.26%, indicating a shift in the market. 6 months is considered a balanced market.
The List to Sold Price percentage is sitting at a strong 98.4%, showing that sellers are getting close to or in some cases over asking price in Allen. This is great news for sellers who are looking to maximize their return on investment.
The median days on market is currently 32 days, which means that homes are selling relatively quickly in Allen. This is good news for both buyers and sellers, as it indicates a healthy and active real estate market.
Finally, the median sold price in Allen is $577,500. This shows that the market is strong and homes are selling at a good price point. Whether you’re buying or selling, it’s important to work with a REALTOR® who knows the local market trends and can help you navigate the process.
That’s all for now, folks. If you have any questions or are interested in buying or selling a home in Allen, Texas, feel free to reach out to me. Thanks for watching and stay tuned for more market updates from me. Have a great day!
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Marie Sells Dallas 