FEBRUARY MARKET STATISTICS UPDATE
In February we saw a nice increase in New Listings and Total Inventory on the market in both Denton and Collin counties, which is great news for buyers who are currently shopping in the market. Unfortunately, it appears that the delay in the Fed reducing interest rates has a large amount of buyers still staying on the sidelines (as reflected in the drop in the number of pending sales in both counties). Sales prices are holding steady though, as we experienced modest increases in the average sales price in both Collin and Denton county.
PROSPER
CELINA
FRISCO
MCKINNEY
PLANO
ANNA
MELISSA
COLLIN COUNTY
DENTON COUNTY
OVERALL TRENDS
COLLIN COUNTY
- The median list price for homes in Collin County is $525,000, indicating no change compared to February 2023.
- Median List Price: $525,000 (Change from February 2023: +0.0%)
- The number of homes for sale in Collin County is 2,930, indicating an increase of 33.0% from February 2023.
- Number of Homes for Sale: 2,930 (Change from February 2023: +33.0%)
DENTON COUNTY
- In Denton County, the median list price for homes is $486,500, reflecting a positive change of 5.8% from February 2023.
- Median List Price: $486,500 (Change from February 2023: +5.8%)
- The number of homes for sale in Denton County is 2,715, revealing an increase of 20.0% compared to February 2023.
- Number of Homes for Sale: 2,715 (Change from February 2023: +20.0%)
KEY INSIGHTS
- In Collin County, the median list price remains stable, showing no change from February 2023. However, there has been a notable increase in the number of homes for sale, indicating a rise of 33.0%.
- Denton County has experienced positive growth in its real estate market. The median list price for homes has increased by 5.8% from February 2023. Additionally, the number of homes for sale has risen by 20.0%, suggesting a dynamic and expanding market in Denton County.
