Plano, TX Residential Real Estate Sales Report for January

Single-Family:

Sales in January were up by 2%. The average sales price increased by 22% while the median sales price was up by 3%. Looks like there were a couple of high priced sales that pulled the average sales price up by such a large amount. Pending Sales rose by 7%. The new listings continued to decline and were down by 11%. The active listings dropped by 30% leaving the months of inventory at 0.8 months. Sure makes it difficult to find a home.

Sales: 182

Average Sales Price: $353,322

Median Sales Price: $262,000

Pending Sales: 210

New Listings: 252

Active Listings: 252

Months of Inventory: 0.8

Condos and Townhouses:

Plano does not have a lot of condos and townhouses so the data can be erratic.

Condo and townhouse sales were off by 30%. The average sales price declined by 25% and the median price by 34%. Pending sales dropped 20%. The number of new listings increases by 12% while the active listings declined by 5%. The months of inventory increased to a whopping 0.8 months.

Sales: 14

Average Sales Price: $161,588

Median Sales Price: $120,500

Pending Sales: 20

New Listings: 28

Active listings: 18

Months of Inventory: 0.8

Leases:

Leases increased by 7% in January. The average rent was up by 4% and the median rent by 2%. Pending leases jumped by 161%. The number of new listings declined by 2% while the active listings increases by 20%. The months of Inventory now stands at 1.4 months.

Leases: 118

Average Rent: $1,787

Median Rent: $1,700

Pending Leases: 60

New Listings: 167

Active Listings: 219

Months of inventory: 1.4  

Information provided by The Real Estate Center at Texas A&M.

Richardson, TX Residential Sales Report for January

Single-Family:

Sales were down by 8% in the Richardson area for January. As in the previous months this decline in sales is not due to less demand but to the shortage of available homes for sale. The average sales price increased by 14% while the median sales price was up by 7%. Pending sales were up by 15%. The number of new listings declined again this time by 9% and the active listings dropped by 32%. there is now a 0.7 month supply of homes for sale in the area.

Sales: 67

Average Sales Price: $ 233,755

Median Sales Price: $200,200

Pending Sales: 90

New Listings: 86

Active listings: 68

Months of Inventory: 0.7

Condos and Townhouses:

Richardson does not have a large number of condos and townhouses so the numbers can be erratic:

Sales were up by 229%. The average sales price increased by 4% while the median sales price  declined by 37%. Looks like there were a number of sales at the lower end of the rage but also some sales at the top end. Pending sales were up by 30%. the new listings increased by 35% but this did not offset the decline of 31% in the number of active listings. The months of inventory is now at 1.9 months.

Sales: 23

Average Sales Price: $99,545

Median Sales Price: $48,000

Pending sales: 13

New Listings: 23

Active Listings: 27

Months of Inventory: 1.9

Leases:

Residential leases were off by 47% in January. The average rent increased by 11% and the median by 4%. Pending leases increased by 30%. The new listings dropped by 24% and the active listings by 17%. there is a 1.3 months supply. just a little better than homes for sale.

Leases: 23

Average Rent: $1,550

Median Rent: $1,450

Pending Sales: 13

New Listings: 41

Active Listings: 50

Months of Inventory: 1.3

Information provided by The Real Estate Center at Texas A&M.

Far North Dallas Residential Sales Report for January

Single-Family:

Sales were up by 37% in January. The average sales price was down by7% but the median price was up by 12%. Pending sales showed a dip of 11%. The number of new listings declined by 16% while the active listings dropped by 5%. Nothing new here. Same story. No inventory. The months of supply is now at 1.4 months.

Sales: 70

Average Sales Price: $379,043

Median Sales Price: $340,000

Pending Sales: 65

New Listings: 91

Active listings: 144

Months of inventory: 1.4

Condos and Townhouses:

Sales increased by 10%. The average sales price declined by 1% while the median sales price jumped by 33%. Pending sales dropped by 23%. the number of new listings was down by 10% and the active listings by 36%. The months of inventory is 1 month. Very difficult to find a condo or a townhouse with this short supply.

Sales: 33

Average Sales Price: $138,978

Median Sales Price: $116,500

Pending Sales: 31

New Listings: 35

Active Listings: 45

Months of inventory: 1.0

Leases:

Residential leases were off by 33%. the average rental rate declined by 2% while the median rate increased by 3%. Pending leases jumped by 117% but this was comming off a very low number from last year. The number of new listings dropped by 14% and the active listings declined by 4%. The months of inventory  is at 1.5 months.

Leases: 34

Average rental: $1,751

Median Rental: $1,750  

Pending Leases: 13

New Listings: 54

Active Listings: 67

Months of inventory: 1.5

Information provided by The Real Estate Center at Texas A&M.

Dallas Area Residential Sales Report for January

Single-Family:

Single-family home sales increased by 3% in January. The average sales price increased by 9% while the median sales price was up by 12%. We continue to see the sales concentrated in the upper price ranges with very little participation under $140,000. Pending sales were also up 3%. The number of new listings were down by 4% and the active listings by 14%. Months of inventory now stands at 3.3 months

Condos and Townhouses:

Condo and townhouse sales were off by 7%. The average sales price increased by 6% but the median sales price declined by 3%. this is an indication of an increase in sales in the lower price ranges. Pending sales increased by 3% while the number of new listings dropped by 10% and the active listings by 14%. the months of inventory is sitting at 3.9 months.

Leases:

Residential leases were off by 8%. The average rent increased by 4% and the median rent by 8%. The pending leases jumped a whopping 134%. New listings declined 5% and the active listings fell by 6%.

Information provided by the Real Estate Center at Texas A&M.

Frisco, TX Residential Sales Report for December

Single-Family:

Sales were up by 10% in Frisco for December. the average sales price increased by 7% and the median price by 11%. The pending sales number increased by 10%. We saw a good jump of 16% in the number of new listings but the number of active listings continued to fall and was down by 10%. the months of inventory declined to 1.3 months.

Sales: 291

Average Sales Price: $365,799

Median Sales Price: $ 328,000

Pending Sales: 166

New Listings: 186

Active listings: 410

Months of Inventory: 1.3

Condos and Townhouses:

There are not enough condos and townhouses located in Frisco to generated any useful data.

Leases:

The number of residential leases in Frisco increased by 13% in December. The average rent increased by 14% while the median rent increased by 6%. Looks like we had more rentals in the lower price ranges in this month. Pending leases jumped 167%. The new listings increased by 33% pushing up the number of active listings by 22%. There was a slight increase in the months of inventory to 1.4 months which still does not leave us with much supply.

Leases: 103

Average Rental Rate: $2,079

Median Rental Rate: $1,850

Pending Leases: 64

New Listings: 153

Active Listings: 202

Months of Inventory: 1.4

Information provided by The Real Estate Center at Texas A&M

McKinney, TX Residential Real Estate Report for December

Single-Family:

Sales were up 15% in the McKinney area for December. The average Sales Price increased by 9% while the median sales price rose by 5%. Pending sales climbed by 5%. The number of new listings jumped by 21% but the number of active listings still declined by 12%. The months of inventory remains very low at 1.1 months.

Sales: 230

Average Sales Price: $291,552

Median Sales Price: $259,900

Pending Sales: 123

New Listings: 141

Active Listings: 247

Months of Inventory: 1.1

Condos and Townhouses:

There are very few condos and townhouses in McKinney. Due to the small amount of properties the numbers tend to be very volatile and meaningless.

Residential Rentals:

Leases were down by 24% in December. The average rent increased by 4% but the medium declined by 2%. Pending leases were up by 108%. The number of new listings increased by 1% while the active listings jumped 56%. Even with the large increase in the active leases the months of inventory remains very low at 1.5 months.

Leases: 54

Average Rent: $1,613

Median Rent: $1,520

Pending Leases: 27

New Listings: 85

Active leases: 126

Months of Inventory: 1.5

Information provided by The Real Estate Center at Texas A&M.