Are you thinking about buying a home? If so, you're probably wondering whether to buy a resale home or a new construction home. Both have their own advantages and disadvantages, so it's important to weigh them carefully before making a decision.

Here are some of the key differences between resale homes and new construction homes:

  • Price: Resale homes are typically more affordable than new construction homes. This is because they've already taken on some depreciation, which means the seller is recouping less of their investment.
  • Location: Resale homes are often located in established neighborhoods, while new construction homes are often located in newer developments. This can be a major factor for some buyers, as they may prefer the amenities…

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In Collin County and Texas in general the weather has been hot! However, we haven’t set a record yet since the most days over 100 degrees was something like 70 days over 100 degrees in a row! Wow that is hot! Is it possible to describe the single-family resale market in the same terms as our present weather? Yes and no. Median home prices were up about 2.3% in August compared to August of 2022. Median days on market was the same as last August. Even though prices have gone up slightly, offers on homes are down from August of 2022. Offers are coming in at 98.1% of list compared to 98.8% last year. Not a big difference, right? August 2022, we had only 2.1 months of inventory and this August we had 2.4 months of inventory of resale homes in Collin County.…

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