Tuesday, October 3, 2023

October Local Housing Market Update

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Prosper has the overall highest price per Sq. Ft. and Anna is the lowest. Year-over-year inventory for Melissa is down 40% while Gunter increased by 34%. Gunter returned to a Buyers’ Market with 6.3 months of inventory with a significant month-over-month drop in the Median Listing Price especially compared to the Median Sold Price. Plano and McKinney have the fewest months of inventory homes available.

Dallas and Denton counties are about equal for median prices per Sq Ft. Dallas County has slightly more months of inventory and the highest number of homes available, but houses are selling faster than Denton and Collin counties. Denton County has a slight Seller’s advantage with a lower supply for demand. Collin County still demands the highest prices per Sq. Ft. as construction booms across the county and new residents arrive daily.

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified

#DFWmark #REALTOR #MarketWatch #ResidentialMarket #MarketStatistics #Stats #YOY #CollinCounty #DentonCounty #DallasCounty

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