Dallas Area Residential Sales Report for May - Allen TX
Things did not go well for home sales in Allen during May Sales fell 14%. OUCH! The average sales price declined 1% and the median sales price was flat. Pending sales didn't look good down 15%. There was a 17% increase in new listings and a 29% rise in the number of active listings. The months of inventory shot up to 2.7 months. 6 months is normally considered a balanced market so we are still in a sellers market but a couple of more months like May could change that quickly.
Sales: 120
Average Sales Price: $374,017
Median Sales Price: $351,000
Pending Sales: 128
New Listings: 238
Active Listings: 314
Months of Inventory: 2.7
Information provided by The Real Estate Center
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