Hello, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I’m excited to provide you with a market update for Allen, Texas in September 2024.
Let’s start with the current inventory levels in Allen. As of now, there is a 4.5 Months Supply of Inventory, which indicates the number of months it would take to sell all the homes on the market if no new listings were added. Over the last 12 months, the Months Supply of Inventory has increased by +78.57%, showing a shift in the market dynamics.
Next, let’s look at the List to Sold Price percentage, which is currently at 97.3%. This percentage represents the ratio of the final sale price to the original list price of a property. A higher percentage indicates a stronger market for sellers.
The median days on market in Allen is 42 days, which is the average number of days it takes for a property to go under contract from the day it is listed. This data point can give you an idea of how quickly homes are selling in the area.
Lastly, the median Sold Price in Allen is $530,000. This figure represents the middle point of all the sold prices in the market, giving you an idea of the overall price range in the area.
In conclusion, these data points provide valuable insights for both buyers and sellers in Allen, Texas. Whether you’re looking to buy or sell a home, understanding the current market conditions is essential for making informed decisions.
Thank you for dropping by, and if you have any questions or are interested in buying or selling a home in Allen, feel free to reach out to me at the phone number or email below. Stay informed and have a great day!
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Marie Sells Dallas 