Allen, Texas Home Values report for November 2014

Year-to-date, houses sold dipped 2% compared to the same period last year, with 1,437 properties sold. This November, Allen housing sales decreased 7%, with 102 homes sold.

Year-to-date there have been 1,756 new homes listed in all. New home properties listed cumulatively this year increased 3% relative to the same month last year. This November, 90 new homes were listed in Allen, which is a 13% gain from the previous month. In November 2014, there were 96 properties currently listed in Allen, a 5% drop from the previous month. So far this year there have been 1,465 listings under contract total, which is a 1% fall from last year. The average home sales price was about $310,743 during November, a 11% upturn from last month. The average price for a house cumulatively this year increased 8% compared to the same month last year, the average home sales price being $300,472.

Buyers received 97.3% of their list price this month, a 0% surge from the previous month. Percent of asking price received so far this year went up 1% compared to the same month last year, with buyers receiving 98.1%of their original price. This month, houses spent about 59 days in the market until sold, a 45% gain from the previous month. Cumulatively this year, properties have spent about 38 days in the market until sold, which is a 1% increase relative to the same month last year. The current supply of active listings on the market in Allen rose 11% this month, the market inventory of available homes being 200 houses. In November 2014 there was a 1.6 month supply of houses on the market, a 13% surge from a month ago.

Allen real estate information, known as MLS Area MLS Area:, 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 November 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 November 2014

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