Market Trends
Limited Inventory and High Demand Set Collin County Housing Trajectory
Limited Inventory and High Demand Set Collin County Housing Trajectory The Collin County Association of Realtors (CCAR) reports that buyers continued to pay more for homes in February as they competed for limited inventory. In February, homes went under contract in 22 days for 106.1% of their original list price on average. At the closing…
Read MoreTexas Home Sales and Median Price Reach an All-Time High in 2021
Texas Home Sales and Median Price Reach an All-Time High in 2021 For the seventh year in a row, the number of Texas home sales and median price hit a record-breaking high, according to the 2021 Texas Real Estate Year in Review report released today by Texas REALTORS®. “2021 was an exciting year for Texas…
Read MoreHas Texas’ Land Rush Run its Course?
Has Texas’ Land Rush Run its Course? A year in which Texas rural land sales reached unprecedented highs ended with a surprising slowdown. Total land sales for 2021 surpassed 2020 by 17.8 percent. That was despite a fourth quarter with 953 fewer sales than the same period of 2020. “There were 9,055 Texas land sales…
Read MoreIs Paying List Price for a Home a Thing of the Past?
Is Paying List Price for a Home a Thing of the Past? The Collin County Association of Realtors (CCAR) reports one year has passed since buyers could expect to buy a house for list price as limited inventory and strong demand continued push home prices beyond the listed amount. In January, homes went under contract…
Read More“Less Extreme” May be the Extent of Seasonal Trends for Collin County Housing Market
“Less Extreme” May be the Extent of Seasonal Trends for Collin County Housing Market The Collin County Association of Realtors (CCAR) reports that housing market trends seen throughout the pandemic continued in November—yet, like the rest of us, slowed slightly for turkey. In November, Collin County had 5.4% fewer new listings enter the market (1,077…
Read MoreTexas Million-Dollar Home Sales Increase Nearly 90 Percent from 2020 to 2021
Texas Million-Dollar Home Sales Increase Nearly 90 Percent from 2020 to 2021 The number of Texas homes that sold for $1 million or higher from November 2020 to October 2021 increased 89.6% compared to the previous reporting period to 11,980 sales, according to the 2021 Texas Luxury Home Sales Report released today by Texas REALTORS®.…
Read MoreRural Land Expert: ‘Insatiable Appetite’ for Land, Record Prices, and Activity that ‘Defies Fundamentals’
Rural Land Expert: ‘Insatiable Appetite’ for Land, Record Prices, and Activity that ‘Defies Fundamentals’ Competition for a limited supply of land for sale pits investors, developers, and end-users against each other. In no place in Texas is this truer than in the Austin-Waco-Hill Country region (see map). Research Economist Dr. Charles Gilliland with the Texas…
Read MoreNAR Profile of Home Buyer and Sellers Draws National Media
NAR Profile of Home Buyer and Sellers Draws National Media The National Association of REALTORS® released its 2021 Profile of Home Buyers and Sellers, garnering coverage in a wide range of national media outlets, including The Wall Street Journal, Realtor.com®, and MarketWatch. The annual report covers demographics, preferences, and experiences of buyers and sellers across…
Read MoreIs the Texas Housing Frenzy Over?
Is the Texas Housing Frenzy Over? Housing market indicators are signaling the Texas housing frenzy is over, says a research economist for the Texas Real Estate Research Center at Texas A&M University. “Both housing sales growth and housing price growth have peaked and are slowing,” said Dr. Luis Torres. “In addition, months of inventory, listings,…
Read MoreTexas Home Sales Decrease, Median Price Rises in Third Quarter of 2021
Texas Home Sales Decrease, Median Price Rises in Third Quarter of 2021 Texas REALTORS® releases 2021-Q3 edition of the Texas Quarterly Housing Report The Texas housing market slowed slightly following a strong summer sales season, according to the 2021-Q3 Texas Quarterly Housing Report released today by Texas REALTORS®. The number of homes sold across the state declined 3.5%…
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