Unveiling August's Real Estate Market Trends: A Local Perspective

September 4, 2023

Real Estate

Unveiling August's Real Estate Market Trends: A Local Perspective

As the scorching days of summer give way to the crisp hints of autumn, it's time to take a closer look at our local real estate market's performance during the month of August. The housing market is a dynamic entity, subject to countless influences, from economic factors to changing buyer preferences. By delving into the latest statistics, we can gain valuable insights into the ebbs and flows of our community's housing landscape.

In this blog post, we will dissect the data, providing you with an in-depth analysis of the real estate market's key indicators for August. Whether you're a potential buyer, seller, or simply a curious neighbor, understanding these trends can be crucial in making informed decisions about your next steps in the real estate arena.

So, fasten your seatbelts as we journey through the intricate tapestry of our local real estate market, exploring the numbers, deciphering the stories they tell, and offering a glimpse into what the future might hold for those who call our community home. Whether you're looking to invest, sell, or merely stay informed, this deep dive into August's real estate statistics is your passport to navigating the local housing market with confidence and savvy.

Statistics for Cities We Serve in the Dallas Area

Prosper

Average Listing Price: $948,309

Average Sale Price: $857,382

Average Price/SQ. FT.: $257

Average Number of Days on Market: 50

Homes for Sale: 256

New Listings: 129

Pending Sales: 63

Celina

Average Listing Price: $688,173

Average Sale Price: $667,367

Average Price/SQ. FT.: $228

Average Number of Days on Market: 33

Homes for Sale: 289

New Listings: 154

Pending Sales: 98

Frisco

Average Listing Price: $831,785

Average Sale Price: $826,052

Average Price/SQ. FT.: $254

Average Number of Days on Market: 28

Homes for Sale: 480

New Listings: 284

Pending Sales: 169

McKinney

Average Listing Price: $582,801

Average Sale Price: $574,752

Average Price/SQ. FT.: $228

Average Number of Days on Market: 27

Homes for Sale: 479

New Listings: 286

Pending Sales: 184

Plano

Average Listing Price: $593,904

Average Sale Price: $601,859

Average Price/SQ. FT.: $234

Average Number of Days on Market: 23

Homes for Sale: 409

New Listings: 280

Pending Sales: 159

Anna

Average Listing Price: $419,237

Average Sale Price: $407,768

Average Price/SQ. FT.: $192

Average Number of Days on Market: 36

Homes for Sale: 185

New Listings: 105

Pending Sales: 57

Melissa

Average Listing Price: $534,288

Average Sale Price: $542,205

Average Price/SQ. FT.: $205

Average Number of Days on Market: 54

Homes for Sale: 199

New Listings: 140

Pending Sales: 93

Looking to Move? 

Interested in a new place to call home? These statistics allow our clients to compare and contrast the market in different cities they may be interested in. Make sure to take into account the city itself, its school district, how developed it is, and the neighborhood/community you want to live in. All of these factors play an important role in numbers such as average listing price and average sale price. 

Collin County

When examining local statistics, it's also beneficial to look at the county as a whole, and compare it to what's going on in your city. Some cities will have more of an impact on these statistics (e.g., higher averages, etc.). While we don't include statistics for all of the cities that comprise Collin County, we like to provide our clients with a general overview.

Average Listing Price: $601,526

Average Sale Price: $599,034

Average Price/SQ. FT.: $225

Average Number of Days on Market: 34

Homes for Sale: 3,152

New Listings: 1,847

Pending Sales: 1,070

Questions?

We're always here to answer your questions about the market. At Merit Homes, we know that regardless of what is going on in the market, providing our clients with all of the information is crucial. Our agents are well-equipped with the necessary knowledge to answer any questions you may have about your local market. Give us a call today!

 


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