A Market Splits: Collin County Residential — April 2026

The April 2026 Collin County data tells a story of segment divergence. Mortgage rates have settled at 6.23% — down 60 basis points year-over-year and providing material relief for qualifying buyers. But underneath that headline-stable rate, the three residential segments are pulling in different directions: resale inventory is expanding sharply, new construction prices are firming despite a softer sales month, and the lease market is tightening as supply contracts.

Where you sit in this market — builder, resale buyer, seller, landlord, or tenant — now determines which way the leverage tilts.

New Construction: Prices Firm Even as Sales Pull Back

New construction logged 531 closed sales in April — a 10.8% decline from March, though still up 5.8% year-over-year. The more telling signal is on pricing: average list price climbed to $533.15K, up 3.9% month-over-month and 8.4% year-over-year. Builders are holding the line — and increasingly nudging upward — on asking prices.

That said, buyers continue to find negotiating room once they're at the closing table. Final closings landed at 92.5% of original list, meaning the typical new build sold roughly 7.5% below the initial ask. Inventory remains workable at 3.2 months of supply, and an 18.7% month-over-month surge in new listings means more selection heading into spring.

Key New Construction Metrics:

• Active listings: 1,843 (+1.7% MoM, -2.9% YoY)

  
  

• New listings: 818 (+18.7% MoM) — a strong inventory refresh

  
  

• Closed sales: 531 (-10.8% MoM, +5.8% YoY)

  
  

• Average list price: $533.15K (+8.4% YoY)

  
  

• Average sold price: $439.3K (+2.4% MoM, -3.6% YoY)

  
  
  
  

The takeaway: new construction is repositioning. Builders are pushing list prices higher off a moderating sales month, but the spread between list and close still leaves meaningful negotiating room for prepared buyers.

Resale: Inventory Builds Toward a Buyer-Friendlier Market

The resale segment showed the most pronounced shift this month. Active listings surged to 4,437 — a 16.5% jump from March and 7.1% above April 2025. Months of supply now sits at 5.0, edging out of strictly balanced territory and into a zone that gives buyers measurably more leverage.

Pricing held up at the closing table — average sold price moved to $592.6K, up 2.2% month-over-month — but the year-over-year picture tells a different story: sold prices are down 4.8% YoY and list prices are down 4.7% YoY. That softness, combined with the inventory build, is the clearest signal in this month's data that the resale market is recalibrating.

Closed sales kept pace at 969 (+4.3% MoM, +1.5% YoY), and sellers captured 96.2% of original list — still a strong execution rate, but no longer the near-list outcomes of the peak years.

Key Resale Metrics:

• Active listings: 4,437 (+16.5% MoM, +7.1% YoY)

  
  

• New listings: 2,193 (+6.5% MoM)

  
  

• Closed sales: 969 (+4.3% MoM, +1.5% YoY)

  
  

• Average list price: $670.54K (-4.7% YoY)

  
  

• Average sold price: $592.6K (+2.2% MoM, -4.8% YoY)

  
  

For sellers, the message is sharper than it was a quarter ago: pricing accurately at launch matters more than ever. For buyers, the combination of expanding inventory and softer year-over-year pricing creates the most workable conditions Collin County resale has offered in several months.

Lease: Supply Tightens, Pricing Firms

The residential lease market moved in the opposite direction of resale. Active lease listings fell to 1,876 — down 4.0% from March and down 8.1% year-over-year. Months of supply tightened to 1.85, putting landlords back in a stronger negotiating position.

Lease pricing reflected the supply pressure. Average closed lease price reached $2.6K, up 1.2% month-over-month and slightly positive year-over-year (+0.7%) — the first meaningful YoY pricing turn in a while. Properties are leasing at 97.1% of original ask — a tight execution number that confirms tenants are moving fast and accepting close-to-list outcomes.

Key Lease Metrics:

• Active listings: 1,876 (-4.0% MoM, -8.1% YoY)

  
  

• New listings: 1,333 (+12.1% MoM)

  
  

• Closed leases: 986 (+1.4% MoM, -2.3% YoY)

  
  

• Average list price: $2.97K (+4.3% MoM)

  
  

• Average leased price: $2.6K (+1.2% MoM, +0.7% YoY)

Renters facing lease renewals or new searches should plan around firming rates and faster decisions. Investors with rental inventory in Collin County are operating in the strongest sub-segment of the local market right now.

The Bottom Line

April 2026 is the month Collin County's three residential segments stopped moving in lockstep. The macro tailwind — rates 60 basis points lower than last spring — is real, and it benefits anyone trying to qualify. But the local picture demands segment-specific strategy:

• New construction: Builders are firming list prices. Buyers should expect to negotiate at the closing table, not the listing page.

  
  

• Resale: Inventory has expanded materially and YoY prices have softened. Buyers have meaningful leverage. Sellers must price accurately at launch.

  
  

• Lease: Supply is tightening and pricing is turning positive YoY. Landlords have the edge; tenants should move decisively.

  
  

The "great news for buyers" headline that defined the early-year reports still applies — but with sharper edges. The deal is there in resale. The patience is required in new construction. The window is closing in lease.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of April 30, 2026.  Market conditions can change rapidly, and this report is intended for informational purposes only. It should not be considered a guarantee of future market performance.