March 2022 Housing Numbers
The Spring Market is in Full Bloom! We are hopeful as we are beginning to see an increase in inventory over last year (more than 25% in some areas). As inventory increases it will provide relief for buyers not feel so overwhelmed with bidding wars and increasing interest rates. But remember, even if we see an inventory increase it will still remain a seller’s market in the foreseeable future – click to view the Collin County Historical Data Graphs to see where we are overall in inventory for active listings over the past 5 years through today.
We are all continuing to watch world events and inflation to see the effects to the real estate market, but all the prediction still point to a continued strong market in our area. We will keep you updated, but if you are on the fence about buying – earlier in the year may be better than waiting – reach out and we would be happy to guide you in this unprecedented market.
Remember we also have a great Buy Before You Sell Program that will let you utilize the equity in your home to help answer the question of, “If we sell where will we go?”
Collin County
New Listings
1,672
-2.8%
Days On Market
19
-24.0%
Avg Sale Price
$607,883
+31.6%
Closed Sales
1,287
-7.3%
Homes For Sale
894
-17.8%
Months Supply
0.6
-14.3%
Grayson County
New Listings
276
+19.0%
Days On Market
29
-43.1%
Avg Sale Price
$372,572
+29.6%
Closed Sales
252
+20.0%
Homes For Sale
277
+0.7%
Months Supply
1.2
-7.7%
Celina
New Listings
115
+32.2%
Days On Market
16
-46.7%
Avg Sale Price
$697,792
+39.7%
Closed Sales
79
-3.7%
Homes For Sale
54
-37.2%
Months Supply
0.7
-12.5%
Prosper
New Listings
104
+6.1%
Days On Market
9
-60.9%
Avg Sale Price
$941,974
+34.9%
Closed Sales
73
-3.9%
Homes For Sale
64
-7.2%
Months Supply
0.9
+28.6%
McKinney
New Listings
339
-16.5%
Days On Market
17
-22.7%
Avg Sale Price
$595,987
+32.7%
Closed Sales
254
-9.9%
Homes For Sale
175
-22.2%
Months Supply
0.6
0.0%
Allen
New Listings
131
-28.4%
Days On Market
12
-20.0%
Avg Sale Price
$611,979
+43.3%
Closed Sales
103
-16.9%
Homes For Sale
69
-24.2%
Months Supply
0.5
-16.7%
Frisco
New Listings
366
-5.7%
Days On Market
18
-14.3%
Avg Sale Price
$757,242
+29.1%
Closed Sales
242
-10.4%
Homes For Sale
201
-3.4%
Months Supply
0.7
0.0%
Wylie
New Listings
107
+8.1%
Days On Market
23
+4.5%
Avg Sale Price
$487,270
+43.7%
Closed Sales
71
-11.3%
Homes For Sale
54
+14.9%
Months Supply
0.6
+20.0%
Melissa
New Listings
45
+55.2%
Days On Market
30
-3.2%
Avg Sale Price
$560,955
+52.0%
Closed Sales
52
+15.6%
Homes For Sale
26
+23.8%
Months Supply
0.6
+50.0%
Princeton
New Listings
59
+28.3%
Days On Market
19
+5.6%
Avg Sale Price
$376,530
+26.4%
Closed Sales
71
-11.3%
Homes For Sale
31
-49.2%
Months Supply
0.5
-37.5%
Aubrey
New Listings
116
+34.9%
Days On Market
22
-12.0%
Avg Sale Price
$481,796
+39.5%
Closed Sales
95
+26.7%
Homes For Sale
53
-39.8%
Months Supply
0.6
-40.0%