
Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS. Today, I want to provide you with a market update for Allen, Texas as of November 2024.
Let’s start with the Months Supply of Inventory. Currently, there are 3.52 months of inventory available in Allen. Over the last 12 months, we’ve seen an increase of 33.84% in the Months Supply of Inventory, indicating a slightly more balanced market.
Moving on to the List to Sold Price percentage, homes in Allen are selling at a rate of 97.8% of the listing price, showing strong demand from buyers.
When it comes to the Median days on market, homes in Allen are spending an average of 32 days on the market before being sold. This is a good indicator of the market’s overall health.
And finally, the Median Sold Price in Allen is currently sitting at $520,000. This is a strong price point and reflects the desirability of the Allen real estate market.
Overall, the Allen real estate market continues to show stability and strength. Whether you’re a buyer or a seller, it’s important to stay informed about the market trends to make the best decisions for your real estate needs.
If you have any questions or are interested in buying or selling in Allen, feel free to reach out to me at the phone number or email address below. I’ll see you in the next update.
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