Allen, TX Residential Sales Activity Report for October

Single-Family:

Sales in Allen for October were up by 13%. The average sales price increased by 10% compared to October of last year while the median sales price increased by 13%. Pending sales shot by by 37%. The number of new listings increased by a healthy 15% but the active listings remained in the negative category down by 1%. The months of inventory is very low at 1.6 months.

Sales: 132

Average Sales Price: $305,194

Median Sales Price: $267,500

Pending Sales: 123

New Listings: 137

Active Listings: 191

Months of Inventory: 1.6

Condos and Townhouses:

There are so few condos and townhouses in Allen that the numbers in this category really do not mean anything.

Leases:

Leases were down by 16% in October. The average rent price declined by 7% while the median rent declined by 6%. These number are an aberration and will not continue. Pending leases were up by 213%. The new listings declined by 21%. The active listings declined by 2% and the months of inventory stands at 1.5 months.

Leases: 31

Average Rent: $1,637

Median Rent: $1,500

Pending Leases: 25

New Listings: 41

Active Listings: 52

Months of Inventory: 1.5

Information supplied by The REal Estate Center at Texas A&M.