Ken Oenbrink - NTX Property Watch Report

Allen, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Allen, TX

Thu Apr 26 2018
This week the median list price for Allen, TX is $516,187 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 361. Click here to stay informed with the Allen market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Allen, TX

Thu Apr 26 2018
This week the median list price for Allen, TX is $516,187 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 361. Click here to stay informed with the Allen market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Allen market.
Median List Price $516,187
Per Square Foot $153
Days on Market 81
Price Decreased 29%
Price Increased 4%
Relisted 5%
Inventory 361
Median House Rent $1,895
Most Expensive $2,800,000
Least Expensive $180,000
Market Action Index
Slight Seller's Advantage
38

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$863,470 4,967 1 - 2.5 acres 5 4 6 8 3 121
$626,567 3,927 0.25 - 0.5 acre 4 4 8 11 3 86
$440,500 3,217 8,000 - 10,000 sqft 4 3 13 12 6 77
$299,500 2,116 6,500 - 8,000 sqft 3 2 21 28 21 40