214-620-0411 Sold@MarrTeam.com

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?”

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%

 

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%