February 2015

There are 1 blog entries for February 2015.

The 4th Quarter result are in for Dallas & Collin County! In Dallas we saw a steep drop of units sales from Q3 To Q4 This was also evident in Collin County. Inventory of homes for sale also showed a steep decline in both counties from the 3rd to 4th quarter. Part of this effect is normal due to the holiday season. The average price in Dallas remained stable through the end of 2014. In Collin the average price of homes continued to climb through the end of the year. What does this mean for 2015? I believe that we will continue to see multiple offers on homes in the area since the inventory of homes for sale is very low. Until the inventory moves up to balance the demand we will continue to see escalating prices in some areas more than others. Mortgage rates…
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