Allen Residential Property Sales For November 2016 Are Higher 22.2%

November 2016 Real Estate Market Summary for Allen, TX (MLS Area 51)
Month Year to Date
2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 110 22.2 1379 1436 4.1
Closed Sales (Projected) 90 124 37.3 1379 1450 5.1
Listings Under Contract 114 124 8.8 1460 1483 1.6
Average Sales Price $320,794 $357,106 11.3 $330,949 $352,126 6.4
Median Sales Price $277,000 $309,500 11.7 $282,000 $308,000 9.2
Percent of Original Price Received 98.2 96.7 -1.6 98.6 98.7 0.1
Days on Market Until Sale 41 42 0.9 37 32 -14.3
Inventory of Homes for Sale 188 195 3.7
Months Supply of Inventory 1.5 1.5 -0.3

This month in Allen the number of property sales underwent a gain of 22.2% relative to last year, with 110 sold total. The number of units sold year to date in Allen was up 4.1% compared to 2015, with 1436 units sold this year. In November 2016 there were 124 projected housing sales, which was a climb of 37.3%. The number of projected homes sold year to date saw a rise of 5.1%, with 1450 projected total this year. In Allen there was a drop of 1.8% in the number of new home listings in the market this month. There were 107 new home listings in the market total this month. New houses in Allen year to date underwent an improvement of 7.6%, with 1836 newly for sale total this year. In November 2016 the number of listings under contract underwent a climb of 8.8% from 2015, with 124 under a contract total. Contract listings year to date in Allen had a rise of 1.6% relative to 2015, with 1483 under contract total this year. In November 2016 there was a decline of 0.3% in months supply of inventory in Allen. There were 1.5 months supply of inventory total this month. This month there was an uptick of 3.7% in units for sale. There were 195 units for sale total this month. In Allen in November 2016 days on market until sale was at 42, an uptick of 0.9% from last year. The total percent of original asking price received in November 2016 was down 1.6%, with 96.7 percent of original asking price received total this month. In Allen percent of original list price received year to date rose 0.1%, with 98.7 percent of original list price received total this year.

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Allen Texas Real Estate November 2016

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