Hey there, everyone! It’s Marie Walton, your friendly neighborhood REALTOR® from Ebby Halliday, REALTORS, bringing you the latest market update for Twin Creeks in Allen, TX. Today, we’ll be talking about some exciting trends and statistics that you, as buyers and sellers, should know. So, let’s dive right in!

First things first, let’s talk about inventory. Currently, in Twin Creeks, we have a 3.3 Months Supply of Inventory. Now, what does that mean? Well, it’s a measure of how long it would take for all the homes on the market to be sold, assuming no new listings are added. This statistic gives us an idea of the market’s competitiveness. So, with 3.3 months of inventory, it indicates a relatively balanced market, where neither buyers nor sellers have a significant advantage.

Now, let’s take a look at the trend over the last 12 months. Drumroll, please! *Drumroll sound effect* We’ve seen a whopping +68.37% increase in Months Supply of Inventory. This means that compared to the previous year, there are more homes available for buyers to choose from. It’s an encouraging sign for those looking to purchase a home in Twin Creeks.

Moving on to the List to Sold Price percentage, we’re happy to report that it stands at a solid 100%. What does this mean for you as a seller? Well, it indicates that homes in Twin Creeks are selling at their list price on average. It’s a great time to consider putting your property on the market and taking advantage of this positive trend.

Now, let’s talk about the median days on the market. Currently, homes in Twin Creeks have a median of just 35 days on the market. That’s relatively quick! It suggests that the demand for homes is strong, and buyers are actively searching for their dream properties. So, if you’re a seller, having your home professionally staged, properly priced, and marketed effectively could potentially lead to a speedy sale.

Lastly, let’s discuss everyone’s favorite topic – the median sold price. In Twin Creeks, the median sold price is currently at $750,000. Now, keep in mind that this is just an average, and prices can vary based on factors like location, size, and condition. However, it’s a useful benchmark to give you an idea of the market’s overall performance.

And that wraps up our market update for Twin Creeks in Allen, TX! I hope you found these insights helpful and informative. Remember, I’m here to assist you with all your real estate needs, whether you’re buying or selling. If you have any questions or want to explore the market further, don’t hesitate to reach out to me. Until next time, take care and happy home hunting!