As we enter November, there’s much to consider in the North Texas real estate market – and plenty to be grateful for! Thanksgiving is just around the corner, and it’s a time for both reflection and action as we celebrate community, family, and the place we call home. With seasonal real estate shifts and an important election this month, let’s explore what’s happening in Dallas and Collin Counties and how we can all contribute to the health and vibrancy of our local neighborhoods.
Market Snapshot for November in Dallas and Collin Counties
Dallas County Market Trends: The Dallas market has seen an 11% increase in new listings with a 39% rise in active inventory, though closed sales have slightly decreased by 2.1%. The average home price remains strong, with a 3.4% increase year-over-year. This expanded inventory gives buyers in Dallas County more options, creating an ideal environment for those looking to move in before the holiday season
Collin County Insights: Collin County’s growth is also evident, with active listings up nearly 50% year-over-year, creating a balanced market with options for buyers and sellers. Areas like Frisco, Plano, and McKinney continue to be highly desirable, and with a slight 3% decrease in average prices, this could be the perfect time for buyers to take a closer look at homes in these communities
Orchard
Norada Real Estate Investments
Keywords to Enhance Your Real Estate Search
Whether you’re searching for Dallas homes for sale, Collin County real estate trends, or the DFW market forecast, using relevant search terms can help you stay updated on market conditions and find the perfect home to fit your needs. These keywords also support local Realtors in providing North Texans with up-to-date listings and valuable community insights.
Remember to Vote!
This month, we have the opportunity to make our voices heard in the upcoming election. Voting allows us to have a say in issues that directly affect our neighborhoods, such as school funding, infrastructure, and public safety. No matter where you stand on these topics, participation is essential for fostering a strong and connected community. When we vote, we’re investing in the future of our country, which ultimately benefits us all, including local property values and community development.
Thanksgiving and Reflections on Community
As Thanksgiving approaches, we’re reminded of the importance of gratitude – for family, friends, and a community that we’re proud to call home. North Texas is more than just a place; it’s a network of neighborhoods and people who contribute to making this area vibrant and welcoming. If you’re considering a move, think about the aspects of a community that you value most. For current homeowners, this is a time to reflect on what makes your home special, from friendly neighbors to the local parks, schools, and businesses that add to our quality of life.
November Takeaways
November’s market conditions present a favorable time for both buyers and sellers. If you’re considering buying, take advantage of the increased inventory and negotiating room that comes with the season. For sellers, the holiday season may bring motivated buyers aiming to close before the year ends. And as we gather around the Thanksgiving table, let’s appreciate our community, our homes, and the opportunities we have to make a positive impact.
For more insights on how North Texas trends may affect your real estate journey, let’s connect! Wishing you a warm and thankful November from my family to yours!
Rebecca Patterson, Realtor
972.998.0651
[email protected]