Subscribe RH Love

Homebuyers moving farther from Dallas

by | Aug 30, 2023 | Latest, news

The Inspiration development in Wylie ranked No. 6 for closings with 290 at an average base price of $684,000, according to recent data. On the lower end, Bridgewater in Princeton ranked first in closings with 686, and third in starts at an average price of $314,000 for a home built by Lennar. Sonia Duggan/The Wylie News

By Bob Wieland

Collin County remains a strong seller’s market although housing infrastructure has not caught up with communities located farther away from Dallas, Realtors say.

New listings declined 19.5% in July, said Shana Acquisto, president of the Collin County Association of Realtors (CCAR). “The trend that was counterbalanced by a remarkable 20.1% surge in homes under contract,” she said.

Meanwhile, the supply of homes for sale was unchanged from July of 2022, with just over a two month’s supply of homes available, Acquisto said. “A market is considered balanced when there is a six-month supply of homes for sale,” she explained.

Bryan Glasshagel, senior vice president of housing research firm Zonda, said housing developments in Collin County were booming for two reasons. “I think it is a combination of location of available land to build sizable developments (along the edges of the Metroplex) and buyers willing to trade a farther out location for a price point that works for them,” he said.

To read the full story subscribe to The Wylie News.

Subscribe RH Love

0 Comments

Subscribe RH Love

Related News

Citizens sound off at council meeting

Citizens sound off at council meeting

McMillen Road was originally slated to be completed in May 2025. Chad Engbrock / The Wylie News  McMillen Road construction delays cause frustration for home, business owners Attendance at last week’s Wylie City Council meeting was higher than usual, largely...

read more
Wylie ISD begins budget planning

Wylie ISD begins budget planning

The routine business of charting the financial direction of Wylie Independent School District is in progress and included a budget presentation at last month’s board of trustees meeting. As Wylie ISD prepares for the 2025-26 fiscal year, administrators are building a...

read more
Early voting begins April 22

Early voting begins April 22

Residents from Collin County cities with upcoming general elections will head to the polls later this month to begin the early voting process to elect city council members and Collin College trustees in contested races.  The first day of early voting is Tuesday,...

read more
Order photos