Celina Real Estate Market Trends & Statistics
This week the median list price for Celina, TX is $387,975 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 246.
Celina Real Estate Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory. Currently we are seeing a Slight Seller's Advantage
Celina market action index trend has seen minor flucuations over the the past year, and has started to increase after previous declines due to continued new construction growth and master plan community development. While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the Market Action Index.
Celina TX Real Estate Market Profile
Each Celina TX home segment below represents approximately 25% of the market ordered by price.
|Median List Price||
|Per Square Foot||
|Days on Market||
|Slight Seller's Advantage|
Celina TX Real Estate Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Celina Homes Average Days on Market
The Celina real estate market currently has and 90-Day rolling average of 119 days on market with a 7 day moving average that is showing a rapid decline and is currently at 103 days on market with continued signs. Based on previous DOM trends I believe that the 90 day average will begin to decline in coming months to match the 7-day average trend as available Celina home inventory continues to decline, Celina new construction spec homes decrease and the real estate market demand heats up in early Spring into Summer 2020.
Celina Real Estate Inventory Averages Q1 2020
Celina home inventory continues to have downward pressure with 258 homes for sale over an average of the past 90 days. This is a decline of 14% from a year ago as overall inventory continues to be sold. We believe the trend will continue through Summer when inventory will begin to increase again as previous trends indicate.
Celina Median List Price Trends Q1 2020
While we have seen continued to declines in the median list price of homes for sale in Celina TX, we are starting to see a gradual increase in Q1 2020. In addition, the median list price 90-day average of $390,968 is substantial lower than what we what we saw back in Q1 2017 2 years earlier, while the 7-Day average is showing matching pressure, with an average of $387,975. This 7-Day decrease may be a contribution from available lower price new construction spec homes.
Celina Home Price Per Square Foot Average Q1 2020
McKinney's homes average price per square foot has seen some flucations over the past year with increases seen over the past 90 days. We are continuing to see a stepping stone increase tover the past 3 years as average and medium home pricing has increased. We will have to see if upward pressure on cost per square foot continues as the Spring and Summer markets. 90-Day averages is currently at $150 sqft, while the 7-day rolling average is showing gradual increases since Q4 2019 to $152 in Q1 2020
Sign-up Weekly McKinney Real Estate Market Reports
NTREIS data last updated July 3, 2020.