Allen Property Sales For February 2016 Are Higher 161%

February 2016 Real Estate Market Summary for Allen, TX (MLS Area 51)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 91 910.0 161 167 3.7
Closed Sales (Projected) 91 102 12.4 161 178 10.7
Listings Under Contract 105 113 7.6 211 207 -1.9
Average Sales Price $339,037 $314,939 -7.1 $329,080 $319,183 -3.0
Median Sales Price $294,900 $290,000 -1.7 $273,000 $276,000 1.1
Percent of Original Price Received 96.9 98.4 1.6 97.0 98.2 1.2
Days on Market Until Sale 54 46 -14.5 51 43 -15.5
Inventory of Homes for Sale 187 157 -16.0
Months Supply of Inventory 1.4 1.2 -13.9

In February 2016 real estate sales reported in Allen showed an uptick of 161% compared to 2015, with 910.0 sold total. In Allen year to date houses sold was up 0% compared to February last year, with 3.7 houses sold this year. There was a hike of 12.4% in projected housing units sold this month. There were 102 projected housing units sold total this month. The number of projected houses sold in Allen year to date had a climb of 10.7%, with 178 projected total this year. There was an increase of 6.9% in the number of new home listings in the market in February 2016. There were 139 new home listings in the market total this month. In Allen year to date the number of new listings in the market reached 253, an improvement of 7.7%. Contract listings this month showed a hike of 7.6% from the same period 2015, with 113 under contract total. The number of houses listed under contract in Allen year to date saw a down-slide of 1.9% compared to the same point in time last year, with 207 under a contract total this year. The number of months supply of home inventory this month in Allen was at 1.2, a drop of 13.9%. This month the number of homes for sale reached 157 total, a decline of 16%. This month there was a decrease of 14.5% in days on market until sale in Allen in contrast to the same time of year 2015. There were 46 days on market until sale total this month. In February 2016 in Allen percent of original asking price received saw a hike of 1.6%, with 98.4 percent of original asking price received total this month. In Allen year to date percent of original list price received saw a growth of 1.2%, with 98.2 percent of original list price received total this year.

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Allen Texas Real Estate February 2016

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