Market Statistics - November 2024

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Most reported areas remain Sellers’ Markets with less than six months of housing inventory. Gunter and Anna are Buyers’ Markets while inventory is being depleted. Little Elm has the highest year-over-year (YOY) inventory increase at 81.5% and Gunter has the lowest at 20.4%. Collin and Denton counties had YOY inventory decreases while Dallas County was flat. All three counties have a median change of around 40% higher than last year.

McKinney has the most Active homes at 956 while Gunter has the fewest at 41. Prosper had the highest Median List price and Median Sold Price. Frisco has the highest Median Price Per Square Foot (PSF) at $242 PSF. Anna has the most affordable Median PSF listings in the reporting area at $180 PSF.

Dallas County’s days on market increased to 29 while Collin and Denton counties remained near 35. Dallas County has the lowest median price per square foot this month at $206 while Collin and Denton counties are at $209 and $212 PSF. Dallas County has the most Active properties with 7,189. All three reported counties have a median closed percentage of the original listed price near 96%.

Plano got the highest median percentage of original price at 97% while Van Alstyne surprised for a second month at 88.9%. Plano also has the lowest reported median days on market at 28 days.

Mortgage rates have crept upward each week during October with better-than-expected employment reports. Many buyers have waited for the national election results earlier this week to indicate the country’s possible future economic direction. The Fed lowered the funds rate by 0.25% on Thursday. Fed Chairman Jerome Powell suggested that smaller rate cuts would be possible later if the data supported it.

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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