Market stats are in for July, and the seller’s market continued to thrive. What does that mean? If you’re thinking about listing your home, now is a great time to do it!
As reported by the Collin County Association of Realtors for the geographic area of Collin County –
- Pending Sales were up 18.8% in July, compared to a year ago.
- Closed sales were up 22.0% for July and 22.7% Year-to-date.
- Days on Market for July was 40 days— the lowest number we have ever recorded.
- Median Sales Price was up 13.8% for July and 11.8% Year-to-date. July’s Median Sales Price was $282,667.
We are still in a very strong Seller’s Market, with overall inventory at 2.7 months. Strongest sales are homes in the $150,000 –$199,999 price range, with 1.9 months of inventory. The weakest sales, although still good, are homes above $500,000, which currently are at 6.6 months of inventory.
Call me to discuss what these numbers mean for you!