The Numbers Are In ...
The latest numbers for Allen are in and they show exactly what we've been saying for weeks now. The market is shifting. The most eye-opening number from this quarter's results is the number of failed listings - homes that canceled or expired without being sold.
It is not all gloom and doom!
Don't let this keep you from making the move. If you were looking to downsize, it is a great time. Competition for the smaller, lower-priced homes is softening. That means you will have an easier time getting a great home than you have had in the past few years. Also, just because the market favors the buyer, there are still plenty of them shopping for homes. The way to win when selling in this market is to be the best one out there. I've talked about it here and here.
Don't forget to get hyper-local!
This market report is great for a general feel of the area. It is not a replacement for getting super honed into your neighborhood for the true state of the market. For instance, I just ran the same report for the Waterford Parks neighborhood. The average days on market for that neighborhood is 99 days. That is a stark contrast from the general data for all of Allen at 36 days. Knowledge is another key factor in getting your home sold.
Contact me if you have any questions about your neighborhood.
Information deemed reliable but not guaranteed. Data taken from NTREIS on Oct 1, 2017