Allen TX Residential Sales Report for August
It's still a Seller's Market!
Sales in Allen were up 4% in August compared to last August. The average sales price climbed 8% while the median sales price rose 7%. There was a drop of 8% in the pending sales. not sure at this time what that will mean for Septembers sales number. The number of new listings increased 6% while the active listings shot up 40%. While more inventory is good for buyers, This only took the months of inventory to 2.5 months. Well short of the 6 months that is a balanced supply.
Sales: 170
Average Sales Price: $366,788
Median Sales Price: $338,000
Pending Sales: 129
New Listings: 172
Active Listings: 306
Months of Inventory: 2.5
Information provided by The Real Estate Center
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