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.

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Looking for a trusted real estate agent in Texas? Amanda Allen is dedicated to helping clients buy and sell homes with personalized, attentive service. Known for going above and beyond, Amanda doesn’t just manage transactions—she gets her hands dirty to ensure your home is market-ready. Whether it’s helping with the move-out process, painting walls, staining wood, or cleaning baseboards, Amanda offers services that most agents leave to outside professionals. Every family has unique needs, and Amanda earns her commission by providing a level of care and commitment that’s rare in the industry. She’s all in, and it shows.

Amanda Allen, Coldwell Banker Realtor

(903) 603-0648

Amanda.Allen@cbrealty.com

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