By Tom Branch, on November 1st, 2013 The housing market in Frisco, Texas continues to shine. Median home prices have climbed and are up 8 percent over the past 12 months.
At the same time prices are increasing the Months Supply of Inventory continues to drop. At the end of October there was 2.4 months of inventory. We have not seen this level since January 2007.
The Percent of Original List Price represents to amount of reductions a seller has to take to sell a property. Frisco is now seeing 96 percent of list price, a gain of 2.2 percent of last year.
Want to know what your Frisco Texas home might sell for? Click here to see your value instantly.
Click here for a complete list of Homes for Sale in Frisco, TX.
Data Source: NTREIS Trends on November 1, 2013.
By Tom Branch, on March 11th, 2013
By Tom Branch, on March 11th, 2013 
The North Dallas Market is Hot! The Branch Team listed the property at 11901 Shoal Creek in Frisco Texas on Friday evening. In the first 48 hours we had 33 showings and 7 offers. This continues to confirm that properly prepared, staged, photographed, and right-priced homes are flying off the market. With inventories and interest rates at record lows, this is the optimum time to sell your home.
Our marketing plan includes 2 hours of professional staging, professional photography, and over 30 years of team experience selling real estate.
Click here for a FREE market evaluation of your home’s value.
Contact us at 214-227-6626 if you have any questions or need additional information on North Texas real estate.
Photo Copyright 2013 – Imaged2Sell
By Tom Branch, on January 22nd, 2013 
Is this a good time to sell our home? This is a question we get quite often. Local data have indicated a Sellers Market since January 2012.
I just received the results of survey conducted by the National Association of REALTORS® (NAR) that shows that the trend is actually nationwide.
According to the NAR report, “Demand continued to expand faster than supply. The Buyer Traffic Index rose to 56 from 36 in the same period last year, while the Seller Traffic Index barely moved, ending at 38 from 37 last year. REALTORS® reported numerous cases of multibidding resulting in “properties selling above the list/asking price” or “distressed sales selling close to market price.”
In our local market, 2012 was a great year for sellers. Home sales outpaced home listings by almost 10 to 1 and we don’t see that letting up in 2013. We have many sellers waiting for the “spring sales season” to list their homes.
If you want to get your home sold, get on the market as early as possible to take advantage of the lack of inventory!
Click here for more information on selling your North Texas home.
Click here to request a Market Analysis of your North Texas home.
Contact us at 214-227-6626 if you have any questions.
Graph: Copyright 2013 National Association of REALTORs® | Base Photo: Licensed from Buffini and Company
By Tom Branch, on October 6th, 2012 
While the rain drought in the greater Dallas area appears to be over, the number of available homes for sale continues to dry up. Buyers who have been sitting on the fence for two years are finally in the market but are finding few homes for sale.
Many sellers we’ve talked to want to wait until the spring to list their homes. While conventional wisdom is that the spring is the best time to list, I’m going to argue that now is the time rather than waiting until the spring.
Why? It’s about supply and demand.
Currently we have high demand and low supply. Listings are up 2 percent but sales are up 17.3 percent. Homes are selling almost 9 times faster than they are being listed. Days on market are down to 61 days and the average sales price is up 2.5 percent year-over-year.
In the spring, conventional sellers will be listing their homes driving up supply.
Thinking about selling? This is one of the best times in years. Want to know your home’s value? Click here to get a free market analysis.
Are you looking for an experienced listing team? The Branch Team was named a 2012 Residential Real Estate Top Producing Team by D Magazine. Contact us at 214-227-6626.
Photo licensed from iStockPhoto
By Tom Branch, on September 30th, 2012 
We’ve been talking about the lack of housing inventory for the past six months. We have a huge demand for houses and the ones on the market that are properly prepared, priced, and show-ready are under contract in a matter of weeks (in a few days below $200k).
The question we get asked the most is “why” is this happening.
It’s simple math! Take a look at the chart above–over the past 12 months we seen new listings rise 2 percent, yet closed sales are up over 17 percent. There’s more good news. Days on Market has dropped from 95 days to 71 days and the average sales price is up 2.5 percent over last year. Even more significant is the Months of Supply which is down 36.8 percent to just 3.4 months.
What’s the take-a-way for home sellers and buyers?
If you are looking to sell, this is the best time in years. Selling now allows you to move up or move down taking advantage of the market condition not only in selling but also allows you to take advantage of the historic low mortgage interest rates.
If you’re looking to buy, you need to move quickly. Gone are the days of searching for months and coming back to see how much prices have been reduced. Wait a few weeks and the house will be under contract. The same is true for making low offers just to see what happens. We’re seeing multiple offer situations on many houses.
Looking to sell or buy a home in the North Texas area? Click here to search for homes for sale in north Texas.
Contact us at 214-227-6626 if you need more information or want to work with an award-winning real estate team in the north Dallas suburbs.
Photo licensed from ShutterStock | Chart created by the Collin County Association of REALTORs
By Tom Branch, on August 31st, 2012  As the Texas summer gives way to cooler fall temperatures, the North Dallas real estate market is staying hot, hot, hot!
The average Days on Market for properties under $500k is down to just 71 days–a level we have not seen locally since 2005. We listed a property in west Allen on Friday and had seven offers by Monday.
Last year we were telling sellers that it was a price war and a beauty contest. While pricing is less of an issue this year (as long as it’s not above market value), it’s still a beauty contest. Properly prepared and show-ready homes are flying off the market in days.
This is a great time to sell a home. There are plenty of buyers looking for homes and with a short supply of inventory, buyers are “all over” a good-looking property.
We have many resources on our website:
Home Value Request – What’s my home worth?
Seller Tips
Are You Show Ready?
Looking for an experienced team of agents with a proven track-record to sell your home? Click here.
Feel free to contact us if you have questions or need more information.
Base Photo Licensed from iStockPhoto
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