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What is my Home Value in Allen? | Monthly Report

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  Year To Date
2016 2017 % of Change 2016 2017 % of Change
New Listings 185 202 9.2% 440 431 -2.1%
Closed Sales (Reported) 117 98 -16.2% 287 281 -2.1%
Closed Sales (Projected) 117 110 -6.0% 293 287 -2.0%
Listings Under Contract 137 120 -12.4% 348 320 -8.0%
Average Sales Price $356,814 $429,701 20.4% $337,017 $374,143 11.0%
Median Sales Price $312,000 $354,000 13.5% $295,000 $319,900 8.4%
Percent of Original List Price Received 99% 97.7% -1.3% 99% 98% -1.0%
Days on Market Until Sale 41 48 17.1% 42 40 -4.8%
Inventory of Homes for Sale 196 208 6.1% - - -
Months Supply of Inventory 1.6 1.6 0.0% - - -

March 2017 Real Estate Market Summary for Allen, TX (MLS Area 51)

Allen Housing Sales For March 2017 Are Down 16.2%

In March 2017 in Allen real estate sales reported was 98 total, a drop of 16.2% from March last year. In Allen there was a down-slide of 2.1% in the number of property sales year to date compared to 2016. There were 281 property sales total this year. Projected houses sold this month saw a fall of 5.9%, with 110 projected houses sold this month. The number of projected properties sold year to date in Allen reached 293 total, an uptick of 2.1%. This month there was a hike of 9.2% in the number of newly listed units in the market in Allen. There were 202 newly listed units in the market total this month. The number of new listings year to date slumped 2%, with 431 new listings total this year. This month contract listings had a decrease of 12.4% compared to March 2016, with 120 under contract total. Year to date in Allen the number of residential properties listed under contract was at 320 total, a decline of 8% compared to March last year. There were 1.6 months supply of houses on the market this month, which was an improvement of 2.3%. There were 208 homes for sale in March 2017, and this was an increase of 6.1%. In Allen there was an increase of 18.2% in days on market until sale this month from March last year. There were 48 days on market until sale total this month. This month the total percent of original asking price received in Allen had a drop of 1.3%, with 97.7 percent total. Year to date percent of original list price received reached 97.9 total, a down-slide of 0.6%.

Allen Listings Versus Sales