.png)
5/4/24 Analyzing Real Estate Trends: A Comparative Study of Collin, Dallas, Henderson, Hunt, Kaufman, Rains, and Rockwall Counties in Texas
This report summarizes key real estate trends for the combined counties of Collin, Dallas, Henderson, Hunt, Kaufman, Rains, and Rockwall in Texas. The data reflects the past 90 days as of May 4th, 2024.
The real estate landscape in Texas counties reveals a mixed scenario of increased demand, decreased inventory, and slightly longer selling periods. Buyers may face challenges due to limited options, while sellers can expect favorable sale price ratios. Understanding these trends is vital for making informed real estate decisions in today's market.
Market Activity:
Closed Sales: There were 2,719 closed sales during the period, indicating a healthy market with a slight uptrend of 3%.
Pending Sales: Buyer interest remains strong, with pending sales at 3,927, reflecting a significant 20% increase compared to the previous 90 days.
Inventory:
Active Listings: Good news for buyers! The number of active listings has decreased by 11% to 8,652, indicating a shift towards a more balanced market.
Market Pace:
Months of Inventory: The current Months of Inventory sits at 4, which is a standard measure of how long it would take to sell all active listings at the current sales pace.
Days on Market: Time to sell has increased slightly by 15%, with properties now averaging 63 days on the market.
Pricing:
Sale Price to List Price Ratio: The average sale price to list price ratio remains high at 95%, suggesting a seller's market with competitive bidding. This ratio has also seen a slight uptrend of 2%.
Overall, the real estate market in these combined counties seems to be in a state of transition. While buyer interest remains strong, a slight increase in days on market and a decrease in active listings suggest a shift towards a more balanced market.
Tired of the same old realtor routine?
We are too. At Amanda Allen Homes with Coldwell Banker, we're obsessed with exceeding expectations, not quotas.
Sellers: Unlock hidden value in your home with our data-driven approach and unparalleled marketing muscle. We'll showcase your property to the perfect buyers, not just tire-kickers.
Buyers: Stop the endless open house marathon. We'll become your real estate strategist, navigating market complexities and finding you the hidden gem that fits your dreams (and budget).
This isn't a one-size-fits-all game. We tailor our expertise to your goals. Get ready for a refreshing, results-driven real estate experience.
Ready to ditch the ordinary? Contact Amanda Allen Homes with Coldwell Banker today.
Amanda Allen
(903) 603-0648
GRI, SFC, MRP
