Market Report

We area still doing fine compared to last year. We are slow and steady, just right under the total sales when comparing our number of homes sold to last year. Most of our prices are still a little higher than in 2006 and for that we are thankful!

We have about 6 months of inventory which is normal in a healthy market so that is doing fine. Only Wylie and Frisco are up a little in their inventory numbers but that is the result of so much new going on in both of those cities!

Our average days on the market is still about the same, average 56 to 74 days in most cities. Most cities are less than a week longer on the market. My average days on the market is 22 days, so the market must not be that bad! That average comes from wonderful sellers who listen to what I tell them to do to get the house ready to go on the market and look seriously at the facts I present to them.

The outlook? Great interest rates which should continue through next year, being an election year. To try to counter the mortgage problems, the interest rates are being lowered or are stable and 6.25% interest rate is wonderful compared to the 18% rate in 1981 when I got my Real Estate License! We sold homes back then and we can sell them now!

Click HERE to check out the statistics for Plano and its surrounding cities.