Is the housing market cooling?

[Robert Steele]

Is it just my imagination or is the residential housing market here getting a little soft? Looking at the stats everything still looks good. Only a couple of worrying signs.

The percent of original price didn't get quite as high as it did the previous three years which could mean buyers aren't willing to chase sellers delusions of grandeur so much anymore. 

The amount of homes for sale (in Collin county) has spiked significantly higher this year. Could this be all that new construction coming on line to meet demand? I remember a decade ago investors wouldn't buy in Texas because "they breed houses like rabbits".

I am basing my concerning more on a gut feeling. I don't see the feeding frenzy of multiple offers when buying retail as much and I'm seeing house prices being reduced more often.

Am I crazy? How does it look from where you are sitting?

[Daniel L.]

 I am a new investor. I just flipped a property in Mckinney. It took me  93 days from beginning to end. The market in Collin county seems to be healthy and will continue to stay that way for a bit longer in my humble estimations. I do believe that with all the new employment opportunities coming into this county demand definitely grow. I will continue to  watch the market carefully , as the high sales season has just expired though. Be resourceful and wise.

Happy investing!