All reported areas are Sellers’ Markets with less than six months of housing inventory. Celina has the highest year-over-year (YOY) inventory increase at 95.7% and Van Alstyne has the lowest at -9.8%. Dallas, Collin and Denton counties all had cyclical YOY inventory increases following the holidays. Collin and Denton counties have 3 months of inventory while Dallas has 3.4 months.
McKinney has the most Active homes at 755 while Melissa has the fewest at 131. Prosper had the highest Median List price and Median Sold Price again. Frisco has the highest Median Price Per Square Foot (PSF) at $254 PSF – an increase from last month. Van Alstyne has the most affordable Median PSF listings in the reporting area at $167 PSF.
Collin and Denton counties days on market remained to 42 while Dallas only also stayed at 36 days. Dallas County has the lowest median price per square foot this month at $204 while Denton and Collin counties are at $205 and $209 PSF respectively. Dallas County has the most Active properties with 5,800. Dallas County had a median closed percentage of the original listed price at 96.2% while Collin and Denton counties were 95.4% and 95.7% respectively.
Plano got the highest median percentage of original price at 96.9% while Van Alstyne remains low at 89.1%. Plano also has the lowest reported median days on market at 31 days while Anna is at 115 days.
Total Active listings have dropped in many reporting cities while Closed sales increased in all reporting cities and counties. Lower inventory and higher demand leads to increased prices as we head into the spring buying season. The months of February through May have a cyclical uptick in sales as tax returns augment down-payment funds and the weather improves. It’s time to move.
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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(Photo Mark M. Hancock / DFWmark.com ) This is the index to the DFWmark blog. It's the fastest way to locate the real estate content you...
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