October 2025 Market Update: Is the Buyer's Window Opening?
- Brandon Scribner
- 9 hours ago
- 3 min read
The Collin County real estate market analysis for October 2025 reveals a shifting landscape characterized by a significant divergence between new construction and resale trends, alongside a welcome dip in interest rates. With the average mortgage rate dropping to 6.57%—a trend the data explicitly notes as "Great News for Buyers"—the market is showing signs of renewed opportunity.
Here is a deep dive into the key trends across the new construction, resale, and residential lease sectors.
New Construction Market: robust Inventory & Buyer Leverage
The new construction sector in Collin County continues to offer substantial options for buyers. Active listings have risen to 2,300, marking a 2.0% increase from September and a staggering 44.8% increase year-over-year. This surge in inventory positions new builds as a strong category for buyers seeking variety.
Pricing in this sector presents an interesting dynamic. While the average list price has settled at $443.42K , the average closed price came in higher at $522.90K. This gap suggests that while entry-level pricing is attractive, buyers are likely upgrading or purchasing in premium developments.
Key New Construction Market Trends:
Inventory Growth: Active listings hit 2,300, up 2.0% month-over-month and 44.8% year-over-year.
Price Adjustments: The average list price is $443.42K (down 8.0% year-over-year) , while the average closed price is $522.90K.
Sales Activity: There were 531 closed sales in October, a decrease of 8.4% from the previous month but a robust 15.7% increase compared to last year.
Negotiation Power: Sellers are receiving 91.8% of their original asking price, indicating room for negotiation for buyers.
Time on Market: New construction properties are averaging 68 days on the market.
Market Supply: The sector currently holds 4.3 months of supply.
Resale Market: tightening Inventory
In contrast to the new construction sector, the resale market saw a tightening of inventory in October. Active listings for resale homes dropped to 4,232, a 5.3% decrease from September. Despite this month-over-month dip, inventory remains 21.5% higher than it was in 2024, maintaining a healthy selection for buyers compared to historical lows.
Key Resale Market Trends:
Inventory Levels: Active listings stand at 4,232, down 5.3% from last month. New listings also slowed to 1,388, a 4.7% decrease from September.
Price Dynamics: The average list price is $563.98K , while the average closed price is $602.90K. Interestingly, the average closed price saw a 6.8% increase year-over-year.
Sales Activity: Closed sales reached 872, remaining relatively flat with a slight 0.3% dip from September.
Market Supply: The resale market has a slightly higher supply cushion than new construction, sitting at 4.80 months.
Seller Position: Sellers are receiving 94.0% of their original list price, a slight improvement of 0.4% from the previous month.
Rental Market: Seasonal Cooling
The residential lease market experienced a seasonal cooling in volume, though year-over-year inventory remains up. Active lease listings are at 2,671, a 4.5% decrease from September but still 7.5% higher than this time last year.
Key Rental Market Trends:
Availability: Active listings sit at 2,671. New lease listings dropped significantly by 7.1% month-over-month to 1,297.
Leasing Activity: Closed leases totaled 806, a noticeable 12.3% decrease from September.
Lease Prices: The average listed rent is $2.66K, while the average closed lease price is $2.60K.
Leasing Time: Properties are moving relatively quickly, averaging 51 days on the market.
Negotiation: Landlords are receiving 95.9% of their original listed price.
Overall Market Outlook
October 2025 in Collin County presents a "Great News" scenario for buyers regarding financing, with the average mortgage rate dipping to 6.57%. While new construction inventory is booming—offering aggressive pricing and incentives—the resale market is tightening slightly as we head into the late year. Buyers currently have significant leverage in the new build sector (paying ~91.8% of list price) compared to the more competitive resale market (paying ~94.0% of list price).
Important Note:
This analysis is based on data from NTREIS (North Texas Real Estate Information Systems) as of October 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.
