Allen TX Residential Sales Report for March
Sales in Allen fell 4% in March as compared to the same time last year. The average sales price rose 20% while the median sales price increased 13%. Pending sales declined by 15%. At this point I can only assume that as in other areas buyers are have a difficult time finding a home to buy due to the low inventory. The number of new listings rose 28% and this increased the active listings by 9%. The months of inventory now stands at 1.5 months. It's well short of the 6 months that is normally considered a balanced market.
Sales: 107
Average Sales Price: $434,179
Median Sales Price: $362,500
Pending Sales: 119
New Listings: 187
Active Listings: 196
Months of Inventory: 1.5
Information provided by The Real Estate Center
Sales: 107
Average Sales Price: $434,179
Median Sales Price: $362,500
Pending Sales: 119
New Listings: 187
Active Listings: 196
Months of Inventory: 1.5
Information provided by The Real Estate Center
No comments:
Post a Comment