Dallas Area Residential Sales Report for July – Prosper, TX

Hello, everyone, and welcome back to my blog! I’m Marie Walton, a proud REALTOR® with Ebby Halliday, REALTORS. Today, I have an exciting market update for all the buyers and sellers out there in Prosper, Texas. So, let’s get started!

As of July 2023, the real estate market in Prosper, Texas is bustling with activity. With a population that continues to grow, this is an area with immense potential for both buyers and sellers.

Currently, we have a 3.02 months supply of inventory. This means that if no new homes were listed, it would take approximately 3.02 months to sell all the homes on the market. Now, let’s talk about some exciting news. Over the last 12 months, we’ve seen a significant decrease in the Months Supply of Inventory, with a remarkable -37.73% change. This indicates a highly competitive market with increased demand.

Now, let’s move on to the List to Sold Price percentage. This figure represents the ratio of the final sale price to the original listing price. In Prosper, Texas, we have a remarkable 98.5% List to Sold Price percentage. This means that sellers are receiving offers close to their asking price, highlighting the strong demand and value in our local market.

Time is money, and in the Prosper real estate market, homes are not staying on the market for long. The median days on market is just 46 days. This is great news for sellers who are looking to make a quick sale, but it also means that buyers need to act fast to secure their dream home.

And now, let’s talk about the median sold price. Currently, the median sold price in Prosper, Texas is $855,000. This figure represents the midpoint of all home sales in our area. It’s important to note that this number can vary based on factors such as location, size, and condition of the property.

Thank you all for dropping by to today’s market update. If you’re considering buying or selling in Prosper, Texas, now is the time to take advantage of this thriving market. As always, I’m here to help you navigate every step of the process. Feel free to reach out to me at Ebby Halliday, REALTORS for personalized assistance.

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