Single-Family:
Single-Family homes sales in Allen were up by 16% in December. The average sales price climbed by 17% and the median sales price jumped a whopping 26%. The large disparity between these two numbers is caused by more sales being in the upper price ranges. While I do not have a breakdown of sales by price ranges in the Allen area, I can tell you that every price range below $140,000 in the Dallas area is in double digits to the negative and I do not believe Allen would be any different.
Pending Sales were up by 27%. New listings climber by 11% and the number of active listings increased by 24% but this only helped the months of inventory to increase slightly to 1.4 months.
Sales: 122
Average Sales Price: $326,940
Median Sales Price: $289,000
Pending Sales: 66
New Listings: 68
Active listings: 169
Months of Inventory: 1.4 months
Condos and Townhouses:
There are very few condos and townhouses in Allen. Because of this fact, the numbers are very volatile and can not really provide you with a trend.
Leases:
Leases increased by 5% in December. The average rent was up by 1% and the median rent increased by 13%. Pending leases were up by 55%. The number of new listings jumped 25% but due to the increased executed leases the active leases declined by 2%. The months of inventory remains very low at 1.1 months.
Leases: 41
Average Rent: $1,764
Median Rent: $1,700
Pending Leases: 17
New Listings: 35
Active listings: 48
Months of Inventory: 1.1
Information provided by the Real Estate Center at Texas A&M.
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