Allen Residential Housing Sales For November 2016 Up 22.2%

By
Real Estate Broker/Owner with DFW Team Realty
November 2016 Real Estate Market Summary for Allen, TX (MLS Area 51)
  Month Year to Date
  2016 2015 % Change 2016 2015 % Change
Closed Sales (Reported) 90 110 22.2 1379 1436 4.1
Closed Sales (Projected) 90 124 37.3 1379 1450 5.1
Listings Under Contract 114 124 8.8 1460 1483 1.6
Average Sales Price $320,794 $357,106 11.3 $330,949 $352,126 6.4
Median Sales Price $277,000 $309,500 11.7 $282,000 $308,000 9.2
Percent of Original Price Received 98.2 96.7 -1.6 98.6 98.7 0.1
Days on Market Until Sale 41 42 0.9 37 32 -14.3
Inventory of Homes for Sale 188 195 3.7      
Months Supply of Inventory 1.5 1.5 -0.3      

Housing sales reported this month rose 22.2% from the same point in time 2015, with 110 housing sales reported this month. Recorded homes sold year to date showed a hike of 4.1% from 2015, with 1436 sold total this year. There was an improvement of 37.3% in the number of projected real estate sales this month. There were 124 projected real estate sales total this month. Year to date the number of projected real estate sales reached 1450, a rise of 5.1%. New units for sale in the market this month in Allen slumped 1.8%, with 107 new units for sale in the market this month. Year to date in Allen the number of new properties reached 1836, a hike of 7.6%. The number of contract listings in November 2016 was higher 8.8% compared to last year, with 124 contract listings total this month. In Allen there were 1483 homes listed under contract year to date, which was a rise of 1.6% from last year. In Allen there was a decrease of 0.3% in months supply of residential properties on the market in November 2016. There were 1.5 months supply of residential properties on the market total this month. This month there were 195 properties for sale on the market in Allen, and this was an increase of 3.7%. Days on market until sale in November 2016 in Allen saw a climb of 0.9% from 2015, with 42 days on market until sale total this month. In Allen this month percent of list price received was at 96.7, a decline of 1.6%. Year to date in Allen percent of asking price received reached 98.7, an improvement of 0.1%.

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Bob Baesmann

DFW Team Realty | 972-978-8800
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