May 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
2,309
+11.6%
Days On Market
14
-12.5%
Avg Sale Price
$647,979
+27.0%
Closed Sales
1,454
-15.1%
Homes For Sale
1,848
+29.4%
Months Supply
1.3
+44.4%
Grayson County
New Listings
407
+40.3%
Days On Market
28
-15.2%
Avg Sale Price
$379,505
+33.5%
Closed Sales
214
-6.6%
Homes For Sale
461
+32.5%
Months Supply
2.0
+25.0%
Celina
New Listings
147
+38.7%
Days On Market
16
-23.8%
Avg Sale Price
$825,619
+39.6
Closed Sales
85
-2.3%
Homes For Sale
150
+20.0%
Months Supply
1.8
+50.0%
Prosper
New Listings
210
+75.0%
Days On Market
25
+31.6%
Avg Sale Price
$965,076
+36.1%
Closed Sales
80
-12.1%
Homes For Sale
165
+58.7%
Months Supply
2.2
+120.0%
McKinney
New Listings
461
+11.4%
Days On Market
12
-7.7%
Avg Sale Price
$623,960
+34.7%
Closed Sales
331
-12.9%
Homes For Sale
327
+16.4%
Months Supply
1.1
+37.5%
Allen
New Listings
207
+0.5%
Days On Market
11
-31.3%
Avg Sale Price
$706,640
+47.0%
Closed Sales
117
-31.2%
Homes For Sale
155
+52.0%
Months Supply
1.3
+85.7%
Frisco
New Listings
444
+1.6%
Days On Market
18
+28.6%
Avg Sale Price
$802,141
+25.7%
Closed Sales
297
-24.8%
Homes For Sale
370
+38.1%
Months Supply
1.4
+75.0%
Wylie
New Listings
138
-8.0%
Days On Market
13
-27.8%
Avg Sale Price
$545,456
+47.9%
Closed Sales
89
+3.5%
Homes For Sale
118
+38.8%
Months Supply
1.4
+55.6%
Melissa
New Listings
83
+66.0%
Days On Market
19
+35.7%
Avg Sale Price
$548,695
+30.1%
Closed Sales
46
-2.1%
Homes For Sale
66
+94.1%
Months Supply
1.5
+150.0%
Princeton
New Listings
119
+45.1%
Days On Market
13
-50.0%
Avg Sale Price
$366,082
+24.4%
Closed Sales
60
-26.8%
Homes For Sale
74
+1.4%
Months Supply
1.2
+33.3%
Aubrey
New Listings
167
+103.7%
Days On Market
22
-8.3%
Avg Sale Price
$512,781
+32.7%
Closed Sales
130
+47.7%
Homes For Sale
136
+109.2%
Months Supply
1.5
+114.3%