Housing Market

The PescatoreAvrit Team is hearing a lot on the news these days about how bad the housing market is, but keep in mind that it depends on what part of the nation that you’re in. Comparatively speaking, Dallas is holding it’s own. Terri Pescatore and Jane Avrit specialize in Collin County areas such as Allen, Plano, Frisco, Richardson, and Wylie. Looking at the statistics posted by The Collin County Association of Realtors (CCAR), we can see that our areas are not doing that bad. That said, the number of closed sales are down. Compared to March 2007 sales are down in these areas anywhere from 12.1% - 29.3%, but the average sales price is up 1% - 5.2%. The average days on the market is up anywhere from 6% in Allen to 38.8% in Frisco. The percent of original list price received at sale is down from 1.2% in Wylie to 2.7% in Frisco. The statistics definitely show that this year is not as good for sellers as last year, but it’s not as bad as it sounds on the television. To see the statistics for your area click here. Also, keep in mind that if you’re selling your home you’re most likely buying another. You may not net exactly what you want in the sale of your property, but you’ll likely make it up in the price you pay for your new home. To learn more about buying and selling visit our website.