Hello everyone, and welcome back! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today I’m here to give you an exciting market update for June 2023 in Prosper, Texas.

: Let’s dive right in! Currently, we have a very low inventory with only 2.89 months supply available. That means if no new listings were added, it would take just under three months to sell all the homes on the market. This is great news for sellers as it indicates a strong demand for properties in Prosper.

But what’s even more interesting is the trend we’ve seen over the past year. The Months Supply of Inventory has decreased by a significant 42.89%! This shows that the market has become even more competitive, with buyers snapping up homes quickly. So if you’re a seller, now might be a perfect time to list your property!

Now let’s talk about the List to Sold Price percentage. It’s currently at an impressive 98%. This means that on average, homes in Prosper are selling very close to their listing price. So, sellers can expect to receive a good return on their investment, while buyers may need to be prepared to make competitive offers.

Moving on to the median days on market, we’re looking at an average of 40 days. That’s right, homes in Prosper are selling relatively quickly! This indicates a high demand for properties in the area, and buyers need to act fast to secure their dream home.

And finally, let’s talk about the median sold price. As of June 2023, the median sold price in Prosper is $834,460. This demonstrates the strong value and desirability of homes in our community. So whether you’re buying or selling, it’s crucial to work with a knowledgeable REALTOR® who can guide you through the process and help you achieve your goals.

That’s all for today’s market update! If you have any questions or if you’re interested in buying or selling a home in Prosper, Texas, don’t hesitate to reach out to me. Remember, it’s not just about finding a house, it’s about finding your dream home. I’ll see you next time!