March 2016

There are 1 blog entries for March 2016.

Well 2016 has started off with a bang here in Collin County. Median home prices started at $280,000 in January and at the end of February they trended upward to $290,000. Days on Market went from 22 days in January to 17 days so the trend show that homes are moving very fast in the county. I also noticed that homes were selling at or even above list prices in some cases. In January the Months Supply of Single Family homes was listed at 1.4 months of supply. and in February the months supply went up to 1.6 months supply of single family homes. The trend is heading upward but at a crawl. This means prices will remain on the high end for some time in the future since it takes about 4.5 months of supply to get to back to a relatively balanced market. In

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