Time to look at the January sales numbers (see charts below). Comparing the month of January (2007 vs. 2008) you'll see that the number of sales for Collin County recovered a bit (in relation to the December numbers) and is only off by around 100. We still see a a slight increase in days on market and an even bigger decrease in the sales price/sq.ft. (decreasing for the second month in a row). Again, if this trend continues, it could signal trouble. I'm still not ready to cry out that prices are falling, but it will bear close watching. With that in mind, I'll reiterate the fact that Sellers should be aware that homes are still selling (my listing inventory continues to sell) but remember: the homes that are selling, for the most part, are those with the best marketing, in the best condition, with the best prices.

Number of Properties Sold in Collin County - Jan. 2007: 809
	Square Feet	List Price	Sale Price	Price per Square Foot	Days on Market
Avg	2571	$244,009	$235,628	$91	75

Number of Properties Sold in Collin County - Jan. 2008: 701
	Square Feet	List Price	Sale Price	Price per Square Foot	Days on Market
Avg	2613	$240,471	$231,175	$88	89