Market Statistics - August 2024

Between the Olympics, vacations and back-to-school preparations, now is a great time for Buyers to take advantage of the inventory-rich housing market in North Texas.

Most reported areas are strong Sellers’ Markets with less than six months of housing inventory. Gunter and Van Alstyne remain strong Buyers’ Markets with more than nine and eight months respectively of housing inventory. Van Alstyne also has the highest year-over-year (YOY) inventory increase of 232%. Anna had the next highest YOY increase at 103.8%. Dallas and Collin counties showed YOY inventory increases of more than 60% while Denton County had 42%.

McKinney has the most Active homes at 965 while Gunter has the fewest at eight. Prosper has the highest Median List Price, highest Median Sold Price and is tied with Frisco for the highest Median Price Per Square Foot (PSF) at $252 PSF. Aubrey has the most affordable PSF listings in the reporting area at $193 PSF.

The city of Denton got the highest median percentage of original price at 98.0% while Plano closely followed at 97.9%. July traditionally has the highest closings of the year. However, sales seemed to have anecdotally slowed beyond the cyclical normal this year.

Collin and Denton counties' days on market are in the low 20s while Dallas County is at 19. Dallas County has the lowest median price per square foot this month at $209 while Collin and Denton counties are tied at $216 PSF. Dallas County has the most Active properties with 6,628. All three reported counties have a median percentage of the original listed price greater than 97.2% with Denton County at 97.7%.

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212 (call or text)
DFWmark@kw.com
DFWmark.com

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