Allen TX Residential Sales Report for October
Sales remain good!
Sales in Allen for October were up 20% as compared to last October. The average sales price declined 6% while the median sales price fell 5%. These price declines look like they were concentrated in the new build sector as builders tried to move some inventory. Pending sales were up a strong 16% so we can anticipated a positive sales number for November. The number of new listings rose 13% and the active listings climbed 12%. The months of inventory now stands at 2.1 months. This is well short of the 6 months considered a balanced market. Not really very helpful if you are a buyer.
Sales: 131
Average Sales Price: $337,017
Median Sales Price: $294,500
Pending Sales: 129
New Listings: 139
Active Listings: 258
Months of Inventory: 2.1
Information provided by The Real Estate Center
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