Single Family:

Sales were up by 16% in Allen for January compared to last January. The average sales price increased by 27% while the median sales price jumped by 26%. As in other areas these large increases in the averages are caused by more sales occurring in the upper price ranges. The number of pending sales declined by 1%. The new listings dropped by 15% but the active listings increases by 22%. The months of inventory remains very low at 1.4 months.

Sales: 64

Average Sales Price: $331,764

Median Sales Price: $280,950

Pending Sales: 80

New Listings: 93

Active Listings: 167

Months of Inventory: 1.4

Condos and Townhouses:

There are not enough condos and townhouses in Allen to report the data in any meaningful way.

Leases:

Leases increased by 15%. The average rent increased by 22% and the median rent by 15%. As in residential sales these increases are caused by more properties leasing in the upper price ranges. Pending leases jumped by 157%.  New listings were flat and the active listings declined by 21% dropping the months of inventory to 1.1 months.

Leases: 30

Average Rent: $1,809

Median Rent: $1,750

Pending Leases: 18

New Listings: 47

Active listings: 48

Months of Inventory: 1.1

Information provided by The Real Estate Center at Texas A&M.