It has been a very busy start to our new year! We hope that your 2016 has been off to a great start. Here is this month's look at our local markets:
Denton County Median Sale Price:
January 2016- $232,125
December 2015- $248,500
January 2015- $216,440
Down 6.58% from last month; Up 7.24% YOY
Collin County Median Sale Price:
January 2016- $251,000
December 2015- $268,953
January 2015- $239,000
Down 6.52% from last month; Up 5.02% YOY
Cooke County Median Sale Price:
January 2016- $131,870
December 2015- $208,000
January 2015- $91,728
Down 36.6% from last month; Up 43.76% YOY
Grayson County Median Sale Price:
January 2016- $125,000
December 2015- $130,000
January 2015- $112,000
Down 3.85% from last month; Up 11.61% YOY
In all four markets the median sale price was down from December, but all are still up year over year. Cooke and Grayson Counties have less volume thus the statistical data fluctuates more. January was a rocky month for the stock markets and oil prices have continued to be low. We will continue to watch the markets to see how they will be impacted.
All data is from the North Texas Real Estate Informational Systems which is deemed reliable but not guaranteed.
Have you ever looked at the Zestimate from Zillow to see your home's value? Do you think it is accurate? Please read our latest blog post which explains just how accurate that Zestimate is.
Many in our area and certainly throughout the state of Texas are feeling the impact of oil prices. As much as we love paying less at the pump, we do not love the job losses that occur when prices get too low. It has a ripple effect on our economy. You may want to check out this interesting read by ProTeck which studies the current impact of Oil on Housing in Texas.
(Image courtesy of Stuart Miles at FreeDigitalPhotos.net)
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