October 2012 – North Dallas Home Sales

 

The Market Trends for the North Dallas Area Have Arrived and They Look Great!

In Frisco, there have been 2,805 sales this year.   There has been a 17% increase in sales in 2012 over 2011.  The average sales price in 2012 (through October) in $304,134, which is a 5% increase over the average in 2011.  The average days on the market is 58 days which is a 23% decrease from 2011.  There is a 2.9 month supply of inventory.  With a 2.9 month supply of inventory, this is a seller’s market.

In Allen, there have been 1,116 sales this year.   There has been a 16% increase in sales in 2012 over 2011.  The average sales price in 2012 (through October) in $246,392, which is a 1% decrease over the average in 2011.  The average days on the market is 57 days which is a 21% decrease from 2011.  There is a 2.37 month supply of inventory.  With a 2.37 month supply of inventory, this is a seller’s market.

In McKinney, there have been 1,866 sales this year.   There has been a 18% increase in sales in 2012 over 2011.  The average sales price in 2012 (through October) in $229,763, which is a 2% increase over the average in 2011.  The average days on the market is 57 days which is a 28% decrease from 2011.  There is a 3 month supply of inventory.  With a 3 month supply of inventory, this is a seller’s market.

In Prosper, there have been 412 sales this year.   There has been a 30% increase in sales in 2012 over 2011.  The average sales price in 2012 (through October) in $330,842, which is a 1% increase over the average in 2011.  The average days on the market is 86 days which is a 9% decrease from 2011.  There is a 4.4 month supply of inventory.  With a 4.4 month supply of inventory, this is a seller’s market.

In The Colony, there have been 413 sales this year.   There has been a 24% increase in sales in 2012 over 2011.  The average sales price in 2012 (through October) in $150,166, which is a 0% increase over the average in 2011.  The average days on the market is 60 days which is a 19% decrease from 2011.  There is a 2.8 month supply of inventory.  With a 2.8 month supply of inventory, this is a seller’s market.

 

 

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