Maximum Leverage: Why February 2026 is a "Deal-Making" Month in Collin County

The Collin County real estate market analysis for February 2026 indicates a continued landscape of opportunity for purchasers, defined by stable mortgage rates and significant negotiating leverage. Average mortgage rates remained steady at 6.23%, a figure the report explicitly highlights as "Great News for Buyers!".

Across new construction, resale, and residential leases, the data suggests a market where buyers and tenants can still find favorable conditions as the first quarter progresses.

New Construction Market: Prime Buyer Opportunities

The new construction sector in Collin County saw a slight cooling in inventory compared to the start of the year. Active listings settled at 1,920, a minor 1.4% decrease from January 2026, though this remains 15.0% higher than February 2025.

While the average list price has moderated to $442.32K, the average closed price was $519.5K, reflecting a 1.7% monthly increase in sales volume. Buyers continue to hold the upper hand in negotiations, securing homes at just 90.9% of the original asking price.

Key New Construction Market Trends:

• Inventory Levels: Active listings reached 1,920, up 15.0% year-over-year.

  
  

• New Listings: 671 new listings hit the market in February, a 34.7% increase from the previous year.

  
  

• Sales Activity: There were 428 closed sales, a slight 1.7% increase from January.

  
  

• Negotiation Power: Buyers are securing homes at 90.9% of the original list price.

  
  

• Time on Market: New construction properties are averaging 90 days on the market.

  
  

• Supply: The sector currently holds 3.4 months of supply.

  
  
  
  

Resale Market: Growing Inventory and Softening Prices

The resale market experienced a notable uptick in inventory this month, providing more choices for buyers. Active listings grew to 3,309, an 8.5% increase from January 2026 and 12.2% higher than the same time last year.

Pricing in this sector showed resilience month-over-month, with the average closed price rising to $625.8K. However, compared to February 2025, prices are down 8.2%, signaling a longer-term shift toward buyer-friendly conditions.

Key Resale Market Trends:

• Inventory Levels: Active listings stand at 3,309. New listings for the month totaled 1,496, a sharp 22.5% jump from January.

  
  

• Price Dynamics: The average list price is $554.73K, while the average closed price reached $625.8K.

  
  

• Sales Activity: Closed sales saw a significant boost, reaching 636 for the month—a 17.6% increase over January.

  
  
  
  

• Seller Position: Sellers are receiving 94.3% of their original list price.

  
  

• Time on Market: Resale homes are moving faster than new builds, averaging 73 days on market.

Rental Market: High Velocity with Shifting Supply

The residential lease market remains the fastest-moving segment, though active inventory contracted significantly this month. Active lease listings dropped to 2,024, a 12.4% decrease from January.

Key Rental Market Trends:

• Availability: Active listings sit at 2,024, which is 1.9% lower than last year.

  
  

• Leasing Activity: Closed leases totaled 823, rising 5.6% from the previous month.

  
  

• Lease Prices: The average list price is $2.76K, while properties are closing at an average of $2.60K.

  
  

• Leasing Time: Rentals average just 55 days on market.

  
  

• Negotiation: Landlords are receiving 96.2% of their original list price.

Overall Market Outlook

February 2026 reinforces Collin County’s status as a "deal-making" environment. With mortgage rates holding at 6.23% and months of supply hovering between 2.5 and 3.8, buyers and renters still have the leverage to negotiate.

The most striking opportunity remains in New Construction, where homes are closing at roughly 9.1% below the original asking price. As the report concludes, the combination of stable rates and healthy inventory continues to be "Great News for Buyers!".

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of February 28, 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.