Collin County Home Prices Continue To Rise

Collin County Home Prices Continue To Rise

The June 2013 CCAR Pulse Reports from the Collin County Association of REALTORS continue to validate the incredible activity in the Collin County housing market! Closed Sales {Reported) increased by 19.8% Year to Date compared to 2012. The Median Sales Price for June rose from $210,000 to $248,000 or 18.1% as compared to June 2012. The Year to Date Median Sales Price increased 13.4% as prices increased from $202,000 to $229,000 from same time last year.

Allen, Texas reported some of the most impressive changes and numbers in the Collin County area. The Median Sales Price in June increased at an amazing 24.3% as prices rose from $205,000 in June 2012 to $254,900 this year. The Year to Date numbers for the Median Sales Price also increased 22.3% as the prices rose from $199,500 to $243,950 as compared to same time last year. Some of the other key statistiscs for Allen are as follows for the month of June 2013 as compared to June 2012.

Percent of Original List Price Received was 97% an increase of 3.5%.
Days on Market Until Sale decreased from 42 to 29 days or a 29.9% change.
Inventory of Homes for Sale decreased from 373 to 250 homes or a 33.0% change.
Months Supply of Inventory decreased from 3.6 months to 2.1 months or a 42.8% change. 

With home prices rising rapidly and interest rates increasing at a slow but steady pace any potential homebuyers should consider moving forward with their home buying decision. If you have any real estate questions or are interested in buying a new home or selling your existing home please contact me.

Steve Lester is a REALTOR living in Allen, Texas.
[email protected]
SteveLesterHomes.net


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