“Hey there, fellow buyers and sellers! It’s Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. I hope you’re all doing fantastic today because I have some exciting news to share with you. So, grab your favorite beverage, sit back, and let’s dive into the current market update for Craig Ranch in McKinney, TX, in August 2023.”

“Alright, let’s start with the number that everyone’s curious about – the supply of inventory. As of right now, we have 4.5 months of supply. Now, what does that mean? Well, it’s a key indicator of the market’s health and can help us understand the balance between buyers and sellers. In the past 12 months, we’ve seen a 31.96% increase in the months supply of inventory. That’s pretty significant, right?”

“But what does this mean for you, whether you’re buying or selling? Well, a higher months supply means there’s more competition among sellers, giving buyers more options to choose from. So, buyers, now might be a great time to explore the market and find that dream home you’ve been looking for.”

“Now, let’s talk about the list to sold price percentage. It’s currently sitting at a solid 101.7%. What does that mean? Essentially, homes are selling for slightly above their listing prices. So, sellers, this is fantastic news for you! It shows that there’s strong demand in the market, and buyers are willing to pay a premium for the right property.”

“But what about the speed at which homes are selling? Well, the median days on the market is just 17 days. Yes, you heard that right – 17 days! Homes in Craig Ranch are flying off the shelves, so to speak. This means that if you’re considering selling your home, you might not have to wait long to find that perfect buyer.”

“And now, the moment you’ve all been waiting for – the median sold price. Drumroll, please! The median sold price in Craig Ranch is currently $560,000. Now, this figure gives us a great insight into the overall value of homes in the area. So, whether you’re buying or selling, it’s crucial to keep an eye on these numbers to make informed decisions.”

“So, there you have it, folks – your market update for Craig Ranch in McKinney, TX. Remember, these numbers are just a snapshot of the current market, and things can change. If you want a more in-depth analysis or have any questions about buying or selling in Craig Ranch, don’t hesitate to reach out to me, Marie Walton, your dedicated REALTOR® at Ebby Halliday, REALTORS.”

“Thank you so much for joining me today! Until next time, take care, stay positive, and let’s make your real estate dreams come true. Bye!”