No slowdown in Allen
Sales were up 19% in the Allen area in January as compared to the same time last year. The average sales price rose 7% while the median sales price increases 15%. These averages continue to be pulled up by sales concentrated in the upper price ranges. Pending sales were up a healthy 12% so we can anticipate that febuary sales will be positive. The number of new listings fell 7% and the active listings declined 4%. These declines dropped the months of inventory to 1 month. If the spring season does not bring on morwe sellers, it's going to be very hard on buyers.
Sales: 88
Average Sales Price: $347,100
Median Sales Price: $315,000
Pending sales: 108
New Listings: 88
Active Listings: 129
Months of inventory: 1
Information provided by The Real Estate Center
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