Tuesday, November 24, 2009

Monday, November 16, 2009

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
Plano 193 29% 361 6% 999 -18% 4.3 6% 19.32%
Richardson 73 26% 122 12% 230 -31% 2.9 -23% 31.74%
Allen 85 29% 126 -2% 336 -28% 3.6 -14% 25.30%
McKinney 142 34% 246 0% 739 -31% 4.7 -24% 19.22%
Frisco 203 34% 320 -5% 1093 -26% 4.7 -22% 18.57%

Third Quarter Home Sales Surge

I just saw this article on Rismedia. It is very interesting.

monday lead web [1]RISMEDIA, November 16, 2009—Most states continued to experience rising existing-home sales in the third quarter 2009, with prices moderating in many metro areas, according to the latest survey by the National Association of Realtors®. Total state existing-home sales, including single-family and condo, increased 11.4% to a seasonally adjusted annual rate of 5.30 million units in the third quarter from 4.76 million units in the second quarter, and are now 5.9% above the 5.01 million-unit pace in the third quarter of 2008. Sales increased from the second quarter in 45 states and the District of Columbia; 28 states and D.C. saw double-digit gains. Year-over-year sales were higher in 32 states and D.C.

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