Economic Update – Seller’s Market Continued to Thrive in July (2013)

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 –

sellers-market New Listings were up 21.2% in July, compared to July 2012, which means that we are now seeing the kind of brisk listing activity we normally see in the spring. New Listings are up 7.9% for the year.

  •   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!

Welcome to Real Estate & Real Life – The Blog

When I started to put this blog together so much was running through my head …

… I want it to actually be educational & interesting, even juicy!
… I want it to be not just another real estate blog about listings, mortgage rates, & what kind of stuff to plant in your front beds when you want to sell although I’m sure that stuff will eventually get a shout out here and there.
… I want to be authentic in doing business and doing life. I laughingly say that I “live out loud” on Facebook, and I’m stunned by how many people thank me for it. It feels good to know you’re not the only one going through the joys & sorrows of everyday life. I want that to translate to the relaunch of my business. I believe that will help me help even more people.

Having spent the last 2 years of my career helping new & experienced agents launch & grow their business has helped me get back to the basics of owning a business and get real about how it works. The fact is most people wait until something is “perfect” before they’ll put it out there. That thinking almost always leads to a fatal failure to launch. Instead of failing into that trap, I’m going with the credo “done is better than perfect.” The last truly perfect man died almost 2000 years ago, right? So here it is … the Real Estate & Real Life Blog. DONE!

Audrey is a REALTOR and Broker/Owner of Audrey Reed Realty with Step Up Realty in McKinney, TX.  Connect with her on Facebook or checkout her website.  This blog represents HER opinions and are not necessarily the opinions of her broker/brokerage … wait … she is the broker … and it’s her brokerage … never mind!  All information is deemed reliable but not guaranteed.
How’s that for a disclaimer???