We expected a seasonal slowdown in the housing market as folks break for the holidays. Total Active listings are down across all three reported counties and across all individual cities. Closed sales decreased in all reported cities except Prosper and Van Alstyne.
All counties decreased their Median Percentage of Original Price. Celina had the most significant percentage drop below 90% of the original price as inventory remains in the Buyer’s Market. Houses with competitive listing prices move quickly, while overpriced houses get limited or have no traffic.
As stated, Celina and Anna remain in Buyers’ Markets with more than six months of housing inventory. Aubrey has the highest year-over-year (YOY) inventory increase at 51.4%. Anna has the lowest at 1.7%. Dallas has 4.8 months of inventory, while Collin has 4.3 and Denton has 4.4 months. Little Elm’s inventory is static. All other reported areas showed reduced inventory levels compared to last month.
McKinney has the most Active homes at 1,102, while Van Alstyne still has the fewest at 164. Prosper had an interesting month. It has the top Median List and Sold prices, as well as the highest Median Price Per Square Foot (PSF) at $245 PSF. Anna remains the most affordable Median PSF listings in the reported area at $164 PSF (a decrease from last month).
All three counties have about the same median price PSF this month, around $195. Dallas County has the most Active properties at 7,829. All three counties have a relatively low median closed percentage of the original listed price below 95% of the list price. Bargains are available for savvy Buyers.
Van Alstyne got the highest median percentage of the original price at 95.9%, while Celina was at 89.9%. Frisco has the lowest reported median days on market, at 36 days, while Proser has 68 days.
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
#DFWmark #REALTOR #MarketWatch #ResidentialMarket #MarketStatistics #Stats #YOY #CollinCounty #DentonCounty #DallasCounty
No comments:
Post a Comment