Allen Residential Housing Sales For January 2017 Up 11.8%

January 2017 Real Estate Market Summary for Allen, TX (MLS Area 51)
Month Year to Date
2017 2016 % Change 2017 2016 % Change
New Listings 115 111 -3.5 115 111 -3.5
Closed Sales (Reported) 76 85 11.8 76 85 11.8
Closed Sales (Projected) 76 96 25.7 76 96 25.7
Listings Under Contract 97 104 7.2 97 104 7.2
Average Sales Price $324,265 $339,352 4.7 $324,265 $339,352 4.7
Median Sales Price $272,600 $305,000 11.9 $272,600 $305,000 11.9
Percent of Original Price Received 97.9 97.9 0.0 97.9 97.9 0.0
Days on Market Until Sale 40 35 -14.6 40 35 -14.6
Inventory of Homes for Sale 159 147 -7.5
Months Supply of Inventory 1.3 1.1 -11.3

The number of recorded homes sold in January 2017 reached 85 total, an improvement of 11.8% relative to January 2016. Property sales reported year to date was higher 11.8% from 2016, with 85 property sales reported this year. In Allen this month the number of projected residential housing sales saw a hike of 25.7%, with 96 projected residential housing sales this month. Projected units sold year to date in Allen was at 96 total, a climb of 25.7%. This month the number of newly listed properties in the market in Allen slid 3.5%, with 111 newly listed properties in the market total this month. Year to date in Allen the number of new homes listed showed a drop of 3.5%, with 111 newly listed total this year. This month there were 104 contract listings in Allen, and this was a rise of 7.2% relative to last year. Year to date there were 104 contract listings in Allen, which was a growth of 7.2% from the same period 2016. Months supply of residential property inventory this month in Allen slid 11.3%, with 1.1 months supply of residential property inventory this month. Housing units for sale in January 2017 in Allen reached 147, a down-slide of 7.5%. In Allen there were 35 days on market until sale in January 2017, and this was a fall of 14.6% from last year. Percent of list price received this month was 97.9, no change. The number of percent of original list price received year to date reached 97.9, no difference.

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Allen Texas Real Estate January 2017

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