Hello, and welcome back to our monthly market update here in Celina, Texas. I’m Marie Walton, a proud REALTOR® at Ebby Halliday, REALTORS. Today, I’m excited to share with you some fascinating insights into the current state of our local real estate market. So, whether you are a buyer or a seller, stick around because you won’t want to miss this!

Let’s dive right into the numbers, shall we? As of August 2023, we currently have a 3.07 Months Supply of Inventory. Now, what does this mean for you? Well, it indicates that our market is still favoring sellers, as the demand for homes in Celina continues to outweigh the supply. However, it’s worth mentioning that over the last 12 months, our Months Supply of Inventory has decreased by an impressive 20.47%. This signifies a tightening market, which may present opportunities for buyers who have been patiently waiting for their dream home.

Now, let’s talk about the List to Sold Price percentage. Currently, we’re seeing a strong showing at 98.9%. This figure demonstrates that sellers in our area are achieving nearly their full asking price, which is fantastic news for anyone considering listing their home. However, as a buyer, it’s crucial to work with a knowledgeable professional who can guide you through the negotiation process to ensure you’re getting the best possible value for your investment.

Next up, let’s discuss the median days on market. In Celina, homes are typically selling within an average of 26 days. This indicates a fast-moving market, where properly priced and well-presented properties are in high demand. So, sellers, take note – if you’re considering listing your home, now might be an opportune time to get it market-ready and attract those eager buyers.

Finally, let’s talk about the median sold price. Drumroll, please! In Celina, the median sold price currently stands at an impressive $585,450. This figure reflects the overall value and desirability of our local real estate market. Whether you’re a buyer looking for a solid investment or a seller looking to maximize your return, this healthy median sold price demonstrates the strength and potential of our region.

And there you have it, folks – a snapshot of our current market conditions here in Celina, Texas. Whether you’re a buyer or a seller, it’s crucial to work with a trusted REALTOR® who can navigate this ever-changing landscape and ensure your success. At Ebby Halliday, REALTORS, we pride ourselves on our expertise, integrity, and commitment to delivering exceptional service.

Marie Walton: If you have any questions or need assistance with your real estate journey, please don’t hesitate to reach out to me personally. I’m here to help you make informed decisions and achieve your goals.

Thank you for joining me today, and until next time, remember – when it comes to real estate, Marie Walton and Ebby Halliday, REALTORS have got you covered. Have a fantastic day!