North Texas Housing Trends

North Texas Housing Trends are stable unlike other real estate markets around the US. Looking at the local suburbs in North Texas just north of Dallas, you can see that the market is doing quite nicely. The drawback is only that homes are staying on the market a bit longer than they were a few months back. This is more than likely due to the fact that everyone hears what the news broadcasters are saying about the market instead of doing their own homework. What is heard on the news does not mean that all cities across America are falling in this category. North Texas is one that is above the rest and is stable.

In Plano, in March of 2008, 284 single-family homes sold with an average of 98 days on the market. The average asking price in Plano was $275,300 and sold for 97% of the list price. The average price per square foot was about $91.80.

In Frisco, the market trend was similar with 194 single-family homes selling with an average of 122 days on the market. The average asking price in Frisco was $371,884 and sold for 97% of the list price. The average price per square foot was about $101.82.

In Allen, the North Texas housing market trend showed 89 homes sold with an average of 92 days on the market. The average asking price in Allen was $241,709 and sold for 97% of the list price. The average price per square foot was about $89.55.

In McKinney, the market trend was 129 single family homes sold with an average of 99 days on the market. The average asking price in McKinney was $215,303 and sold for 97% of the list price. The average price per square foot was about $80.75.

In Richardson, 73 single-family homes sold with an average of 87 days on the market. The average asking price in Richardson was $173,291 and sold for 97% of the list price. The average price per square foot was about $83.71.

As you can plainly see by these figures, North Texas is not seeing a drop in the housing market. It is stable or very stable in the entire area. The next time you hear all the predictions on the housing trend in America you will know that not all areas are being affected and especially North Texas where the real estate bubble is doing just fine. As the rest of the US begins to see healing in the housing market, North Texas will be prospering even more since they will rise along with the rest of the country. In North Texas, it is a buyers and sellers market to say the least.