Hello, everyone, and welcome back to another market update! I’m Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, we’re diving into the exciting world of real estate in Light Farms, Prosper, TX, as we bring you the latest numbers and trends for June 2023. Whether you’re a buyer or seller, this episode is tailored just for you!

Let’s kick things off with an important metric: the Months Supply of Inventory. Currently, we’re looking at a healthy 3.82 months supply. Now, what does that mean? Well, it signifies the number of months it would take to sell all the homes on the market if no new listings were added. It’s an important indicator of market activity, and in the past 12 months, we’ve seen a significant increase of 87.25% in the Months Supply of Inventory. That’s quite the jump!

Now, let’s talk about the List to Sold Price percentage. This is a crucial factor for sellers, as it indicates the average percentage of the listing price that homes are ultimately sold for. In Light Farms, Prosper, TX, we’re currently rocking a fantastic 99.1% List to Sold Price percentage. That means sellers are getting an impressive return on their investment!

Alright, let’s now turn our attention to the median days on market. In Light Farms, Prosper, TX, homes are spending an average of just 28 days on the market before being snatched up by eager buyers. That’s less than a month! So if you’re a seller, it’s important to act quickly and make the most of this favorable market.

Lastly, let’s talk about the numbers we’ve all been waiting for—the median sold price. In Light Farms, Prosper, TX, the median sold price currently stands at a remarkable $772,450. Now, remember, this is the midpoint of all the sold prices in the area, so there’s certainly a range of options available for both buyers and sellers.

And there you have it, folks! A snapshot of the thriving real estate market in Light Farms, Prosper, TX, for June 2023. Whether you’re looking to buy or sell, now is the time to take advantage of these favorable conditions. If you have any questions or are ready to embark on your real estate journey, don’t hesitate to reach out to me, Marie Walton, at Ebby Halliday, REALTORS. I’m here to guide you every step of the way.

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