Sales trend continues to be positive
Single-Family:
Sales remained strong up 16%. The average sales price increased 2% while the median sales price rose 5%.
The pending listings number took a nice jump of 20% indicating we will have a good number to report in February. The number of new listings were up by 16% however, the number of active listings fell by 20%. This dropped the months of inventory to 1.1 months. 6 months is considered a balanced supply/demand number so you can easily see that we are very much in a Seller's Market.
Sales: 78
Average Sales Price: $327,429
Median Sales Price: $272,600
Pending Sales: 96
New Listings: 108
Active Listings: 117
Months of Inventory: 1.1
If you live in the Allen area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.
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