Allen TX Residential Sales Report for July
Sales were off
Sales fell 11% in the Allen area in July as compared to last July. Pending sales were up 7% so this just looks like some aberration in the market. The average sales price rose 10% while the median sales price was up by 3%. The number of new listings increased 15% and the active listings rose 31%. While this increase is great for buyers, the months of inventory only increased to 2.6 months. With 6 months considered a balanced market the Allen market is still very tilted to the sellers side.
Sales:138
Average Sales Price: $392,612
Median Sales Price: $335,000
Pending Sales: 158
New Listings: 205
Active Listings: 318
Months of Inventory: 2.6
Information provided by The Real Estate Center
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