Allen, Texas Home Values report for November 2015

Allen home sales reached 101 homes this month, which is a 14% decrease from the previous month. Home sales so far this year went down 3% compared to the same period last year, with 1,416 houses sold.

There were 109 new houses listed in November 2015, a 20% increase from the previous month. In total for this year there, have been 1,705 new real estate listings total, which is a 3% decrease from a year ago. Current listings under contract this month in Allen increased 16%, with 111 homes currently listed under contract. Overall this year, housing sales dropped 1% compared to the same month last year, with 1,453 homes sold. During November, the average home sales price was approximately $320,787, a 2% surge from the previous month. The average selling price year-to-date rose 10% relative to the same month last year, with the average home sales price at $330,900.

The average percentage of asking price received year-to-date is 99%, which is a 1% growth from last year. Buyers received 98% of their original price in November 2015, a 0% rise from last month. Days on market until sale year-to-date grew 3% relative to the same period last year, at 37 days on market until sale. The days on market until sale was about 37 days, a 20% dip from the previous month. In November of this year, the market supply of homes for homes in Allen was 179 homes, which is a 20% fall from the previous month.The month supply of available homes in Allen fell 19% this November, with a 1.4 month supply of homes.

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 November 2015.

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 2015

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