Allen Residential Property Sales For December 2016 Lower 1.5%

December 2016 Real Estate Market Summary for Allen, TX (MLS Area 51)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
New Listings 67 79 17.9 1773 1914 8.0
Closed Sales (Reported) 131 129 -1.5 1510 1567 3.8
Closed Sales (Projected) 131 145 10.6 1510 1583 4.8
Listings Under Contract 72 77 6.9 1532 1565 2.2
Average Sales Price $299,463 $339,122 13.2 $328,218 $351,127 7.0
Median Sales Price $273,900 $307,495 12.3 $280,800 $308,000 9.7
Percent of Original Price Received 97.7 96.4 -1.3 98.5 98.5 0.0
Days on Market Until Sale 37 43 16.0 37 33 -11.8
Inventory of Homes for Sale 152 156 2.6
Months Supply of Inventory 1.2 1.2 -1.1

In Allen there were 129 recorded residential properties sold this month, and this was a decline of 1.5% relative to last year. In Allen year to date residential properties sold showed a rise of 3.8% from last year, with 1567 sold total this year. In Allen projected home sales this month saw an increase of 10.6%, with 145 projected home sales total this month. The number of projected property sales year to date underwent a growth of 4.8%, with 1583 projected total this year. The number of new homes this month showed an uptick of 17.9%, with 79 newly for sale total. In Allen year to date the number of newly listed units in the market experienced a gain of 8%, with 1914 newly for sale total this year. In December 2016 in Allen houses listed under contract experienced a hike of 6.9% from last year, with 77 on a contract total. Contract listings year to date saw a climb of 2.2% from 2015, with 1565 under contract total this year. In December 2016 there were 1.2 approximate months supply of residential property inventory in Allen, which was a decline of 1.1%. There was a rise of 2.6% in the number of homes for sale in December 2016. There were 156 homes for sale total this month. In Allen there was a gain of 16% in the number of days on market until sale this month in contrast to December 2015. There were 43 days on market until sale total this month. In December 2016 percent of original asking price received in Allen had a decline of 1.3%, with 96.4 percent total. In Allen the number of percent of asking price received year to date was at 98.5 total, no difference.

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Allen Texas Real Estate December 2016

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