If you live in Collin County and have been considering listing your home, now may be the time. With the number of new listings hitting the market in January 2013 down and the average and median sales prices up, things are looking up for sellers. The number of days on market have decreased pretty significantly, too, so it will likely take a shorter amount of time to sell your home. Yes, the market is definitely different than this time last year. Consider these January 2013 housing statistics reported by the Collin County Association of Realtors:
2013 2012 +/-
New Listings 1,227 1,262 -2.8%
Average Sales Price $247,155 $240,853 +2.6%
Median Sales Price $210,000 $191,600 +9.6%
Days on Market until Sale 71 104 -31.5%
Inventory of Homes for Sale 2,240 3,360 -33.3%
Months Supply of Inventory 2.1 3.8 -44.7%
That is all good news for sellers. With home prices going up, less competition with 1,100 fewer homes on the market than this time last year and the amount of time it’s taking to sell a home being about 1/3 less it’s a really good time to put your home on the market.
For buyers the news isn’t quite so good. You’re going to need to be pre-qualified and ready to move quickly. We’ve been seeing multiple offers for some time now so you must be prepared to compete with others to win the negotiations for that home you’ve got your heart set on.
Whether you’re buying or selling a good realtor can help you navigate these waters to ensure you achieve your Real Estate dreams. Call me, I’d love to help!
Sandy Setliff is a Realtor® with JP and Associates Realtors®. She specializes in residential real estate sales in McKinney, Allen, Frisco, Anna and Melissa, Texas. She can be reached at 214 620 1615/cell, 972 375 9448/office or via email at [email protected]
Author:Sandy Setliff Phone: 214-620-1615 Dated: February 27th 2013 Views: 2,599 About Sandy: Sandy Setliff, a longtime resident of North Texas, specializes in residential real estate sales in N...
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