New Construction Homes in Princeton, Texas

Princeton, Texas is a charming town located just north of Dallas. It's a great place to raise a family or retire, and it's also a great place to find new construction homes.

The DeBerry Team of Keller Williams Realty is a leading real estate team in Princeton, and they have a wide selection of new construction homes for sale. They offer homes in a variety of styles and sizes, so you're sure to find the perfect home for your needs.

Here are some of the benefits of buying a new construction home:

  • Brand new everything: New construction homes come with all new appliances, fixtures, and finishes. This means that you won't have to worry about replacing anything for years to come.
  • Energy…

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Absolutely!

The housing market in Collin County is a hot one, with homes selling quickly and prices rising. In this market, it's important to understand the difference between total inventory and active single family listings.

Inventory refers to the total number of homes on the market, both single-family homes and multifamily homes. Active listings refer to the number of single-family homes that are currently for sale.

In a balanced market, inventory and active listings are about equal. However, in a seller's market like Collin County, inventory is low and active listings are high. This means that there are more buyers than sellers, and homes are selling quickly.

The low inventory in Collin County is due to a number of factors, including:

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No, I am not kidding! Why do I feel that it is a good time to sell? Median sales prices in Collin County have risen 7% from January of this year. Next, inventory of homes is slowly growing and this will affect home prices in the future. Now is a good time to sell.

Is demand there? Let me put it this way, is there enough inventory to meet the existing demand? The answer is no. However, we are seeing inventory growing which will give more choices to buyers in the market and the more it does the more competition sellers will have to compete with. Now is a good time to sell while inventory is low.

There are times to take advantage of markets and this is one of them. You can wait and see or you can check with a realtor to find out what the best decision…

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Some would say both. There is some truth to that, however, what has gone up the most? Home Prices! Traditionally home prices escalated around 4 to 6% annually. What we saw during the pandemic is home prices skyrocketing up, in some cases, 24% or more. No matter what the interest rates this is a huge increase. At one time, when interest rates up 18% or more, this was a big issue but homes were still selling. Why? The average home prices were at a level that these homes continued to be affordable.

The old saying really applies to this situation, “what comes first, the chicken or the egg?” Today’s case is home prices. It doesn’t matter what the interest rates are or at least doesn’t matter as much when home prices are affordable. Where do we go from here…

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