The December 2012 housing numbers are in and the news is good, especially for those in Collin County wishing to sell their homes. Consider the following comparisons of home sales for December 2012 over December 2011 in Collin County as reported by the Collin County Association of Realtors®.
2012 +/- 2011
New Listings 685 -1.3% 694
Closed Sales Reported 879 +8.9% 807
Listings under contract 677 +8.7% 623
Average Sales Price $247,913 +3.8% $238,867
Median Sales Price $211,000 +6.6% $198,000
% Original List Price Received 95.4% +1.9% 93.6%
Days on Market until Sale 66 -30.6% 94
Inventory of Homes for Sale 2,266 -32.7% 3,365
Months Supply of Inventory 2.1 -44.3% 3.8
If you are a seller, those numbers are all moving in the right direction. The lower number of listings, inventory and days on market mean there is less competition for your home. And even better news for sellers, the average and median sales prices and the Percent of Original List Price Received in Collin County moved up over last December.
The biggest implication for buyers is that it’s time to get aggressive. Fewer homes available to buy can mean greater competition and multiple offers resulting in higher prices for available homes. If you’re serious about buying now you need to have your funding in place and be prepared to move quickly. The good news for buyers is that interest rates are still great.
Whether you’re a buyer or a seller there are positive reasons to act now. Call me. I can help.
Sandy Setliff is a Realtor® with JP and Associates Realtors®. She specializes in residential real estate sales in Collin and Denton Counties. She can be reached at 214 620 1615/cell, 972 375 9448/office or via email at email@example.com.
Author:Sandy Setliff Phone: 214-620-1615 Dated: January 25th 2013 Views: 2,750 About Sandy: Sandy Setliff, a longtime resident of North Texas, specializes in residential real estate sales in N...
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