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Increased Inventory Fails to Satiate Buyer Demand in Collin County The Collin County Association of Realtors (CCAR) reports that despite increased new listings, demand continued to drive prices higher in April as homes sold faster and for more money than months prior. While buyers had more new listings to consider in April compared to the…

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The Appraisal Light is Shining at the End of the Tunnel By Vaughn Kerkorian, Kerkorian Residential Appraisals and Member of CCAR’s REALTOR®/Lender Committee Due to low interest rates, lack of inventory, and overwhelming buyer demand, the spring 2021 market has seen unprecedented multiple offer situations up to and exceeding 20% or higher than the current…

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Texas Homebuyers are More Diverse, Earn Higher Incomes Compared to National Average Information provided by Texas REALTORS® Texas homebuyers are more diverse, while also earning higher incomes compared to national homebuyers, according to the 2021 Texas Homebuyers and Sellers Report released by Texas REALTORS®. The annual report provides in-depth insights into the demographics, motivations and opinions of Texas…

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Median Texas home price up 13.4% during first quarter of 2021 The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas REALTORS®. “The demand for housing in Texas remained strong…

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March Brings Little Relief to Collin County’s Inventory-Strapped Housing Market The Collin County Association of Realtors (CCAR) reports that new listings significantly increased in March 2021, yet not enough to provide relief for Collin County’s inventory-strapped housing market. In March, 14.1% fewer homeowners listed their home than the year prior (1,663 vs. 1,936). However, it’s…

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Collin County’s Housing Market Far from Balanced One Year into the Pandemic The Collin County Association of Realtors (CCAR) reports that the pandemic has left the Collin County housing market far from balanced, as new listings remain low and demand for area homes continues to increase. In February, 39.6% fewer homeowners listed their home than…

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Texas Remains Second in the Nation for Relocation Activity in 2019 Texas ranked second in the nation for relocation activity in 2019, according to the 2021 edition of the Texas Relocation Report released by Texas REALTORS®, which analyzes the latest available migration data from the U.S. Census Bureau and U-Haul. “Once again, Texas welcomed more than half…

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New Listings Stall While Homebuyers’ Demand Continues The Collin County Association of Realtors (CCAR) reports that Collin County residents were just as motivated to list their home in December as the year prior, while homebuyers’ appetite for area homes increased. Relatively the same number of homeowners listed their home last month as in December 2019…

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