The housing market in Collin County experienced a shift in February 2025, with home prices declining while inventory and active listings saw significant increases compared to the previous year.
The median sales price for homes in Collin County dropped to $483,750, reflecting a market adjustment as buyers navigate changing conditions. Meanwhile, active listings surged by 55.3% over February 2024, indicating a considerable increase in available properties.
Homes are also staying on the market longer, with an average of 10 additional days compared to last February. This trend suggests that buyers have more options and may be taking more time to make purchasing decisions.
Inventory levels have notably risen, reaching 3.2 months of available housing supply in February 2025, up from just 2.2 months in February 2024. This increase in inventory may contribute to the downward pressure on prices while offering buyers a broader selection of homes.
Overall, the Collin County housing market appears to be transitioning toward a more balanced state, with increased inventory providing more opportunities for buyers and a shift away from the highly competitive conditions seen in previous years.