Collin County Market Stats
Wondering how the housing market is doing? Below are the most up to date housing market stats for Collin County. But do you know what is even better? Getting monthly updates on your homes worth.
Median home price
The average price range of homes in a given area. Rising prices indicate a growing demand and a strong local economy, while falling prices may indicate a declining market.
New Listings
New listings indicate the number of new properties that have been added to the market in a given month.
Sales volume
The number of homes sold, which indicates the pace of transactions and market activity. High sales volumes indicate a strong market, while low numbers may indicate a slower market.
Inventory levels
The number of properties available for sale in a given market. High inventory levels may indicate a buyer's market, while low inventory levels may indicate a seller's market.
Days on the market
The average length of time it takes for a property to sell. This metric can help sellers gauge market activity and plan their strategy.
Months of supply
This measures how long it would take to sell the current inventory of homes. A balanced market = 4-6 months of inventory. A seller’s market = less than 6 months of inventory. A buyer’s market = more than 6 months of inventory.
