Number of sales are declining in our market, a trend that is happening all over the country. There few reasons why this is happening. The most common reason: is harder to get a loan today than used to be few years ago. But there is another major reason: the number of foreclosed properties on the market are declining. There is a reason for that too: government intervention and moratoriums. Most likely, in the following 12 months the foreclosures available for sale will increase. Banks will release more of their inventory.
Here are some numbers, up to date for cities in North Texas, mostly northern Dallas area.
- Allen: 43 active listings. 15 sales recorded in June. 84 sales year to-date.
- Plano: 59 active listings. 28 sales in June. 200 sales year to-date.
- Frisco: 68 active listings. 30 sales in June. 158 sales year to-date.
- McKinney: 78 active listings. 44 sales in June. 214 sales year to-date.
- Richardson: 26 active listings. 9 sales in June 52 sales year to-date.
- Garland: 148 active listings. 79 sales in June. 347 sales year to-date.
- Dallas: 494 active listings. 174 sales in June. 1134 sales year to-date.
- Carrollton: 65 active listings. 16 sales in June. 141 sales year to-date.