Time to buy, time to sell.

As I mentioned previously, regarding the rule of demand and supply, there are two kind of markets, appreciating and depreciating market. We can always tell whether the market is appreciating and depreciating by measuring the amount of inventory coming on and going off the market.
On appreciating market inventory is going off the market faster than it is coming on – then prices have to go UP
On depreciating inventory is coming on the market faster than it is going off – then prices have to go DOWN.

Looking at the last 25 years in real estate there have been fluctuations, but overall prices have increased. We had times of price depreciations from 1988 to 1995 when the inventory of homes increased significantly. Inventory has been low since 1995, and therefore prices have increased. We currently are beginning to se signs of similarity to the 1988-1995 era showing high inventories compared to sales. Home prices move up or down depending on the supply of houses.

What is the current situation on todays Collin County Real Estate market regarding the last trends below.

Click on on the graphic to see it in full size



Compare with January 2007 the units on the market havent increased a lot (only with 99), but on other hand we see significant increase on time that inventory stays on the market 9.5 months vs. 7.6 months last year. The number of "Sold" and "Pending" properties has decreased as well. Based on this information I would say that Collin County real estate market currently is tipical buyer's, depreciating market, good for long turm investment and great for buyers to buy.

For more detiled report on trends you can contact me any time on my email viktor.taushanov@cbdfw.com and I will be glad to provide it to you.