Allen, Texas Home Values report for December 2014

In December of this year, Allen homes sold went up 10%, with 109 homes sold. Year-to-date there have been 1,546 home sales, which is a 1% decline relative to the same period last year.

There were 74 new housing properties listed in December of this year, which is a 19% gain from the previous month. Year-to-date, housing sales climbed 3% relative to the same period last year, with 1,546 properties sold this year. Overall this year, home sales rose 0% relative to the same month last year, with 1,538 houses sold. Listings under contract this month in Allen rose 21%, with 76 properties currently listed under contract. The average sales price in total for this year went up 9% compared to the same month last year, with $301,983 being the average price for a house. During December, the average selling price for properties in Allen was approximately $319,707, a 16% growth from a month ago.

Buyers received 98% of their asking price on average year-to-date, which is a 1% gain from a year ago. The percentage of original list prices received by buyers in Allen increased 0% in December 2014, with buyers receiving 98% of their listed price. Cumulatively this year, homes sold went up 5% compared to the same period last year, at 40 days on market until sale. The days on market until sale this month in Allen increased 57%, at 61 days on market until sale. The market supply of homes was 178 homes. The market inventory of available homes in Allen went up 11% in December 2014. This month there was a 1.4 month supply of available homes on the market, which is a 13% upturn from the previous month.

Allen real estate information, known as MLS Area 51, is reported by area in the North Texas Real Estate Information System. The information in this report is believed reliable, but is only as accurate as reported by the system in the month of December 2014.

The DFW area is also known as the Dallas Fort Worth Metropolitan Statistical Area, a title designated by the U.S. Census Bureau, which encompasses 12 counties within the state of Texas. The area is divided into two metropolitan divisions: Dallas Plano Irving and Fort Worth. It is comprised of over 70 cities, both incorporated and unincorporated. The DFW Metroplex is, by population, the largest metropolitan area in Texas, the largest in the South, the fourth-largest in the United States, and the tenth-largest in the Americas. The DFW Metroplex encompasses over 9,000 square miles of total area, making it larger in area than the states of Rhode Island and Connecticut, combined. It also has the sixth-largest gross metropolitan product (GMP) in the United States, and is approximately tenth-largest by GMP in the world.

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Allen Texas Real Estate December 2014

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