The latest statistics have been released by NTREIS for the month of June and the results continue to show unbelievable activity in the DFW Real Estate Market including Collin County! Compared to June 2012, number of sales were up 4% in Plano, 6% in Allen, 14% in McKinney, 22% in Frisco, and an amazing 80% in Prosper. Days on market compared to last year were down to 39 days (17%) in Plano, 28 days (32%) in Allen, 32 days (29%) in Frisco, 35 days (38%) in McKinney, and 59 days (19%) in Prosper. Months of inventory continue to reflect a strong seller’s market as the report shows month’s supply in Plano 1.9, Allen 1.8. McKinney 2.0, Frisco 2.1, and Prosper 3.3 for June 2013. Early indications are that July 2013 will continue this trend as multiple offers are becoming the norm and not the exception!!
Steve Lester is a REALTOR living in Allen, Texas.