Prosper Neighborhoods – Windsong Ranch

Hi everyone, and welcome back to another market update! I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS, and today we’ll be diving into the latest market trends for the stunning Windsong Ranch community here in Prosper, Texas. So whether you’re a buyer or seller, this information is for you!

Let’s jump right into the numbers, shall we? As of July 2023, Windsong Ranch currently has a 4.47 months supply of inventory. What does that mean? Well, it tells us how long it would take for all the homes in the area to be sold, given the current pace of sales. And speaking of pace, over the last 12 months, the Months Supply of Inventory has seen a positive increase of 4.93%. This indicates a healthy and active market, which is great news for both buyers and sellers!

Now, let’s talk about the List to Sold Price percentage. In Windsong Ranch, sellers are enjoying a strong market, with homes selling at an average of 97.7% of their listed price. This shows that sellers are able to achieve a great return on their investment, while buyers can still find attractive deals.

Time is of the essence when it comes to real estate, and the median days on market in Windsong Ranch stands at 46. This means that, on average, homes in this community are selling within 46 days, which is a testament to the high demand and desirability of this area.

And finally, let’s talk about the median sold price. Currently, in Windsong Ranch, the median sold price is $937,450. This gives you an idea of the overall price range you can expect to see in this sought-after community.

So, what do all these numbers mean for you as a consumer? Well, if you’re a buyer, it’s important to be prepared and act quickly when you find a home you love. The market is moving, and you don’t want to miss out on your dream home. On the other hand, if you’re a seller, this is a great time to consider listing your property. With the strong List to Sold Price percentage and the relatively short days on market, you have a good chance of selling your home for a favorable price.

Marie Walton: That’s all for today’s market update on Windsong Ranch! I hope you found this information helpful and insightful. If you have any questions or if you’re ready to make a move, don’t hesitate to reach out to me at Ebby Halliday, REALTORS. L’m here to guide you every step of the way. Thank you for dropping by, and until next time, take care and happy house hunting!