House Prices.. Stabilizing...?
Tuesday, August 5, 2014
Not Likely Yet..........
According to the latest Case-Shiller Report, last month, Dallas has seen the lowest gains since last fall. That said, it is not yet time to cry out that the sky is falling....we are still hovering at about a 1.8 month supply of homes in Frisco, 2.1 in McKinney, 2.4 in Little Elm, & 4.1 in Prosper (2.1 in Collin County & 2.6 in Denton County)! This inventory demand continues to fuel unprecedented (at least for our area) price competition.... We are starting to see some areas with days on market slowing ticking up; likely as sellers over estimate values based on the pace of the market, but until we see great balance in demand, an end to this run is not likely.
- Christie Cannon
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