Monday, March 10, 2008

Collin County Sales Stats

Collin County Sales Stats

January 1st, 2007 to March 10th, 2007

Sold: 1,997
Avg. DOM: 73
Avg. SF: 2,593
Avg. Sales Price: $237,701
Total Volume: $474,688,596

January 1st, 2008 to March 10th, 2008
(% Change)

Sold: 1,466 (-27%)
Avg. DOM: 89 (+18%)
Avg. SF: 2,660 (+3%)
Avg. Sales Price: $239,693 (+1%)
Total Volume: $351,390,193 ( -26%) *Many sales are not reported until months after they take place so this number will most likely increase over time.

All the talk about foreclosures in Collin County doesn't seem to have affected prices seeing as they posted a 1% increase over this time last year. Number of sales seems to have been affected the most in both Collin and Dallas counties.

Is this due to buyer psyche? There's more inventory on the market but less sales which means buyers aren't buying for some reason. I explained why back in December. This seems to still be the case. Basically, there's lots of ugly and overpriced homes on the market and buyer's arent' stupid. Reduce or clean up and fix your house. Otherwise, sit tight.

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