Hi everyone, and welcome back to my blogl! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for Ridgeview Ranch in Plano, Texas. So whether you’re a buyer or a seller, this video is for you!

Let’s dive right into the numbers, shall we? As of June 2023, we currently have a 1.33 months supply of inventory in Ridgeview Ranch. Now, what does that mean? It means that if no new homes were listed, it would take just over a month for all the existing homes to be sold. So, we’re definitely in a seller’s market here!

But what’s even more interesting is the trend we’ve seen over the last 12 months. The Months Supply of Inventory has decreased by 18.4%. That’s right, folks, there are fewer homes available on the market compared to the previous year. So if you’re a seller, this is great news for you as it means less competition and potentially higher prices!

Now, let’s talk about the List to Sold Price percentage. In Ridgeview Ranch, the homes are selling for 100.1% of their listing price. This indicates that sellers have been able to negotiate very close to their asking price. Buyers, take note of this! It’s important to be prepared and make competitive offers in this market.

Another important metric to consider is the Median Days on Market, which currently stands at just 17 days. That’s right, homes are selling fast in Ridgeview Ranch! So, if you’re a buyer, you need to act quickly and be ready to make prompt decisions when you find the right home.

And now, let’s talk about the most anticipated number, the Median Sold Price. In Ridgeview Ranch, the median sold price is an impressive $675,000. This indicates a strong and desirable market, with homes appreciating in value.

So, whether you’re looking to buy or sell in Ridgeview Ranch, it’s crucial to understand these market trends and use them to your advantage. As a REALTOR®, I’m here to guide you through the process and ensure you make informed decisions.

Thank you for tuning in to today’s market update! If you have any questions or need assistance with buying or selling a home in Ridgeview Ranch or the Plano area, please don’t hesitate to reach out to me. Remember, knowledge is power in the real estate market, and I’m here to empower you!