During the first two months of the fourth quarter, 1,639 jobs were added to the payrolls of Collin County, in turn causing the average monthly unemployment rate to fall from 3.9% during the third quarter to 3.7% for October and November.
While the number of inventory (Houses on the Market) rose 17% in the fourth quarter, the average Sales Price remained flat, but is forecasted to rise in Q1 2008.
The number of homes sold fell 32% in Q4, with an average number of days on the Market increasing 21%.
New home construction fell 47% .
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