Hey there, folks! Marie Walton here, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing well and staying safe. Today, I have some exciting updates for both buyers and sellers in our beloved community of Grayhawk. So, let’s dive right in!

As of July 2023, the real estate market in Grayhawk is showing some incredible trends. Can you believe it? We currently have a mere 1.74 months supply of inventory. That means the number of homes available for sale is relatively low compared to the number of buyers in the market. It’s a great time for sellers

Now, let’s talk about the recent trend. Over the past 12 months, we’ve witnessed a remarkable -44.94% decrease in the Months Supply of Inventory. Yes, you heard that right! The number of available homes has significantly decreased, which indicates a strong seller’s market. Sellers, this is your time to shine!

And here’s another exciting piece of information for all you sellers out there. The List to Sold Price percentage in Grayhawk is currently at a whopping 103.4%. That means, on average, homes are selling for 3.4% above the listing price. It’s fantastic news for anyone looking to maximize their return on investment.

Now, let’s talk about the speed of the market. The median days on market in Grayhawk is just 19 days. Can you believe it? That’s less than three weeks! Homes are selling like hotcakes around here. Buyers, make sure you’re ready to act fast when you find your dream home.

Last but certainly not least, let’s talk about the median sold price in Grayhawk. Currently, it stands at an impressive $715,000. That’s the median price at which homes are selling in our lovely community. It’s a testament to the value and desirability of this area.

Well, folks, that’s it for today’s market update in Grayhawk, Frisco, TX. Whether you’re a buyer or a seller, these numbers indicate a thriving and competitive market. If you’re considering buying or selling a property in Grayhawk, now is the time to take action. And remember, I’m here to help you navigate this exciting journey. Feel free to reach out to me at Ebby Halliday, REALTORS for any real estate needs you may have. Take care, and until next time!