Allen, Texas home sales increase January, 2016

Housing sales year-to-date grew 4% compared to the same period last year, with 70 properties sold. Homes sold in Allen went up 4% this month, with 70 houses sold.

New housing properties listed in Allen went up 9% this January, with 114 houses listed during January. So far this year, homes sold increased 9% relative to the same period last year, with 70 properties sold so far this year. So far this year there have been 97 current listings under contract total, which is a 9% fall from a year ago. Current listings under contract in Allen fell 9% this month, with 97 properties currently listed under contract. Overall this year, the average price for a home for homes in Allen was about $324,645, which is a 3% growth from last year. This month, the average home sales price was approximately $324,645, which is a 3% growth from a month ago.

This month, buyers sold their houses for 98% of their listed price, a 0% rise from last month. Overall this year, the percentage of asking price received went up 1% compared to the same month last year, with percentage of original list prices received at 98%. On average, properties spent 40 days in the market until sold, which is a 17% decrease from last month. Overall this year, homes have spent approximately 40 days in the market until sold, which is a 17% decline from last year. The market supply of homes during January in Allen declined 13%, the market supply of homes being 150 houses. This month there was a 1.2 month supply of homes on the market, a 10% decrease from last month.

Allen is one of many areas reported on by the North Texas Real Estate Information System. The MLS Area for Allen is 51. DFW has 13 counties and two major metropolitan areas – Dallas-Plano-Irving and Fort Worth – in an area of over 9,000 square miles. The Gross Metropolitan Product of The Dallas Fort-Worth metroplex is sixth largest in the United States and approximately tenth largest in the world. The Dallas Fort-Worth area is the most populous metropolitan region in Texas and in the South. It ranks fourth in the United States and tenth in the Americas.

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Allen Texas Real Estate January 2016

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