We have been enjoying a beautiful Spring in Texas.  The temperatures have been mild and we have only had few of the crazy spring storms we get typically get in North Texas. The picture above is of a dogwood tree in bloom. Real estate activity has certainly picked up in spring as well.  We are still seeing low inventories in our markets, the supply has just not kept up with the demand. 

Here is our Median Sale Price Updates: 

Collin County: 

March 2016-      $278,000

February 2016-  $260,000

March 2015-      $256,000

This is up 6.92% from last month and up 8.59% YOY 

Denton County:

March 2016-      $263,000

February 2016-  $236,250

March 2015-      $235,000

This is up 10.99 % from last month and up 11.92 % YOY 

Cooke County: 

March 2016-      $133,000

February 2016-  $134,900

March 2015-      $  93,750

This is slightly down just 1.49% from last month but up 41% YOY 

Grayson County: 

March 2016-     $130,000

February 2016- $109,000

March 2015-     $105,000 

This is up 19.2% from last month and up 23.8% YOY  

There is no slow down yet in the significant price appreciation we have seen in the North Texas markets.  Collin and Denton counties have continued to see strong growth with many relocating to the area.  New construction is underway but it has yet to keep up with the demand.  Cooke and Grayson counties are more rural and tend to have more market fluctuations.  Overall they,too, are seeing consistant price appreciation. 

If you haven't had a chance to read our blog posts for this month, they are featured below.