Home » Real Estate » December 2013 Real Estate Market Report For Allen, Texas

December 2013 Real Estate Market Report For Allen, Texas

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Image The just released market report for home sales in Allen, Texas is further evidence of the continuing momentum in the local housing market. Sale prices are up and inventories are down as compared to December 2012 numbers. Here are the latest results and the percent of change as compared to last year.

New Listings 61  Percent of change 7%
Sales 102  Percent of change 9%
Average Sales Price $284,850  Percent of change 16%
Sold Price To Listed Price 97%  Percent of change 0%
Average Days On Market (DOM) 38 Days  Percent of change -25%
Months Inventory 1.1 Month  Percent of change -36%

The local Allen market as well as the DFW market in general will continue to be very active as high demand and low inventories of available homes will continue into 2014. Multiple offers will also continue to more of the norm and less of the exception in today’s market. More than ever, it pays to speak with your mortgage lender first and have your pre-approval letter in hand. Source: NTREIS, Texas A&M Real Estate Center, Old Republic Title

Steve Lester is a REALTOR living in Allen, Texas


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