We have been seeing home price appreciation in both Denton County and Collin County markets within the past 2 years. Here is a look at the Luxury Market where we have looked at all sales of homes of $1 Million or more. The data we have looked at is reported sales in the NTREIS MLS database.
When we look at the median sale price for sales above $1 million, looking at a 12 month data point, both Collin and Denton Counties median sale price range from $1,246,986 to $1,300,000.
Here is a look at the same data of median sale price for sales over $1 Million for the past 10 years. You can see that the median sale price peaked in 2008-2009 around $1,400,000 but has stayed around $1,300,000 with one large drop in 2013 for Collin County.
As you can see from the graph above, the months of supply has decreased consistently with Denton County sal…