Allen Texas Home Values were UP 7% in October

Allen Texas Home Values were UP 7% in October over the same month last year with 74 homes selling this month compared to 69 sold this month last year! For the 2011, year to date, overall home sales were DOWN 2% with 988 homes sold compared to 1,006 homes sold last year.

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New listings were DOWN 16% for the same period last year with 107 homes listed as compared to 127 listed this month last year. For the year 2011, overall home listings were DOWN 16% with 1,402 homes listed as compared to 1,667 homes listed last year. Listings under contract were DOWN 1% with 78 homes contracted compared to 79 homes contracted this month last year. Listings under contract for all 2011 were DOWN 1% with 1,017 homes contracted as compared to 1,024 contracted for all last year.

The average sales price of homes was DOWN 13% to $217,025 as compared to $250,119 for this month last year. The overall year of 2011 average sales prices were UP 1.5% to $244,455 as compared to $241,517 last year. Sellers received 93.5% of their asking price this month as compared to 93.4% this month last year. The average days on the market until sold in was 85 days compared to 70 days for this month last year UP 21%.

The current supply of homes on the market was 320 homes DOWN 38% as compared to 516 homes from the same period last year. This is 3.3 month supply of homes on the market DOWN 39% as compared to 5.4 month supply from this month last year.

Register online for monthly updates in your city and your neighborhood automatically emailed to you at Allen Home Values. Search Allen homes, Allen forecloses, and Allen shorts sales at Homes-in- Allen .com. This service is FREE and without any obligation from DFWTeamRealty.com.

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