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Bill Head
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The normally busy spring market came roaring into March and bore no signs of slowing any time soon.

“The robust market in Allen is stronger than ever,” said Russell Berry, president of the MetroTex Association of Realtors.

Highlights of monthly market report released by MetroTex include:

  • Houses are closing in an average of 42 days.
  • There were 179 sales of single family homes in Allen.
  • The average price per square foot for single family homes in the area was $124.
  • The average sales price in Allen in March was $353,390, an 11.8% increase over last year.
  • There are 140 homes under contract and waiting to close.
  • There were 179 active listings in the area.
  • Most homes sell for 99% of list price when sold through a MetroTex Realtor.
  • There is approximately 1.5 months inventory in the area. Less than 3 months inventory is considered a strong seller’s market. 
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