Pending sales remain strong for Collin County property. The Dallas suburbs of Collin County Texas remain strong when compared to both the national numbers an other local Dallas Metroplex numbers. Richardson continues to lead the pack with a 31% pending ratio. This represents a 6% increase over the same month last yea. Plano had a 7% increase while Allen showed a whopping 11% increase. McKinney weighed in at a 9% increase and Frisco came in at 8%. These numbers show the general recovery of the local real estate market in the far north Dallas Metroplex. While some of the increase can be attributed to the first time homebuyer tax credits the market in general is in a recovery mode.
Chart Key
P.S. = pending sales
N.L. = new listings
List = total listings
M.I. = months of inventory
P.R. = Pending Ratio (pending sales/Listings)
%ch = percentage change vs last year
P.S. %ch N.L. %ch List %ch M.I. %ch P.R
I think in real estate, investment money is used to purchase property for the purpose of holding, reselling or leasing for income and there is an element of capital risk.
I think in real estate, investment money is used to purchase property for the purpose of holding, reselling or leasing for income and there is an element of capital risk.
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