May 2025 Market Analysis: Collin County Residential Real Estate

The Dallas-Fort Worth real estate market is always a dynamic place, and May 2025 is proving to be no exception. Let's dive into the key trends across new construction, resale, and rental sectors to get a clear picture of what's happening in Collin County.

New Construction Market: Inventory and Prices Shifting

If you're in the market for a brand-new home in Collin County, there's definitely some interesting news. The number of active listings for new construction has increased by 33.5% compared to last year, though it has seen a slight dip of 0.8% from last month.  This means buyers have more choices and potentially more room to negotiate.

While inventory is up year-over-year, we're seeing some shifts in pricing. The average list price of a newly built home is $521.57K, while the average sales price sits at $447.20K.

Key New Construction Market Trends:

• Shifting Inventory: More new homes are available than last year (active listings up 33.5% year-over-year), but inventory has tightened slightly since last month (down 0.8%).

• Price Adjustments: The average list price has increased 5.3% from last month but is down 2.5% from last year.  The average sold price has decreased by 2.2% from last month and 4.7% from last year.

• Increasing Sales: Closed sales have surged, showing an increase of 25.5% from last year and 18.0% from the previous month.

• Balanced Market: The market is relatively balanced, with about 3.80 months' worth of supply.

• Sellers Negotiating: Sellers are getting close to their asking price, with new homes selling for about 93.0% of the original list price.

• Time on Market: Properties are staying on the market for an average of 70 days.
  

Resale Market: Inventory Surge and Price Trends

The Collin County resale market is also experiencing some pretty dramatic shifts. One of the biggest stories is the significant increase in available homes.

Active listings have jumped by a whopping 71.9% compared to last year and 21.3% compared to last month.  If you're a buyer, this means a lot more options to choose from. The average list price is $671.24K, and the average sold price is $658.0K.

Key Resale Market Trends:

• Inventory Explosion: Available homes have increased significantly, up 71.9% year-over-year and 21.3% month-over-month.

• Mixed Price Signals: The average list price is $671.24K (-0.2% yearly, -4.5% monthly), while the average sale price is $658.0K (+4.3% yearly, +5.9% monthly).

• Monthly Sales Increase, Annual Dip: Closed sales rose 8.1% from last month but are down 14.6% from last May.

• Buyer's Market Lean: The market is leaning towards buyers, with 5.70 months' worth of supply.

• Days on Market: Homes are taking an average of 39 days to sell.

• Sellers Holding Firm: Sellers are generally receiving close to their asking price, with homes selling for 96.3% of the original list price.

Rental Market: More Options for Renters

The Collin County residential lease market is also showing some interesting developments. Renters have more options, as active listings are up 11.4% compared to last year and 7.6% since April 2025.  

The average lease list price is around $3,050, while the average closed lease price is $2,600.

Key Rental Market Trends:

• Growing Inventory: Active listings are at 2,089 (+7.6% monthly, +11.4% yearly), and new listings are 1,618 (+16.3% monthly, +0.8% yearly).

• Shifting Leasing Activity: Closed leases totaled 1,023, which is up 4.5% from last month but down 3.9% from last year.

• Stable Average Lease Prices: The average listed rent is $3.05K (+8.8% monthly), and the average closed lease rent is $2.60K (+1.2% monthly, -0.2% yearly).

• Tight Supply: There is a 2.30 months' supply of rental properties.

• Leasing Time: Properties are taking an average of 38 days to lease.

• Leasing Close to Asking Price: Properties are being leased at 97.9% of their original listed price (+0.6% monthly, -0.1% yearly).
  

Overall Market Outlook

The Collin County real estate market in May 2025 presents a mixed bag. We're seeing increased inventory across new construction and resale markets, which is great for buyers looking for more choices.  However, there are also signs of shifting dynamics, including price adjustments in the new construction sector and fluctuations in sales activity.  The rental market remains fairly active with ample listings and relatively stable pricing.  It's definitely a market where staying informed and being strategic is key.

Important Note:

This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of May 31, 2025.  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.