Good day, everyone! I’m Marie Walton, a dedicated REALTOR® from Ebby Halliday REALTORS, and I’m thrilled to be back with another market update for all the buyers and sellers in our wonderful community here in Twin Creeks, Allen, TX. Today, we’ll be diving into some exciting statistics that will keep you engaged and interested in the current state of our real estate market.

Let’s begin with inventory levels. As of November 2023, we currently have a 2.94 Months Supply of Inventory in Twin Creeks. Now, what does this mean for you? Well, it signifies a balanced market, where neither buyers nor sellers have a significant advantage. This is great news for both parties as it fosters a fair and competitive environment.

Over the last 12 months, we have seen a remarkable increase of 116.18% in the Months Supply of Inventory. Now, this may seem like a significant jump, but it’s essential to remember that real estate markets are dynamic, and fluctuations are expected. Nevertheless, this increase indicates a shift towards a slightly more buyer-friendly market, where buyers may have a slightly larger pool of options to explore.

Now, let’s talk about the List to Sold Price percentage, which currently stands at an impressive 97.1%. This statistic highlights the strong demand for properties in our area and the ability of sellers to achieve a price close to their listing price. It’s a testament to the desirability of Twin Creeks and the value that buyers see in the properties available here.

Another key figure to consider is the median days on market, which currently sits at 49 days. This means that, on average, homes in Twin Creeks are selling relatively quickly. However, it’s important to note that this number can vary depending on various factors such as location, condition, and pricing strategy. So, it’s crucial to work with a REALTOR® who understands the nuances of our local market to ensure a smooth and successful transaction.

Finally, let’s talk numbers. The median sold price in Twin Creeks is currently $800,000. Now, this figure represents the midpoint of all sold properties in our area, showcasing the range of prices you can expect when buying or selling a home here. It’s crucial to remember that every home is unique, and factors such as size, location, and features will influence its specific value.

And there you have it, folks! A comprehensive market update for Twin Creeks, Allen, TX. Whether you’re a buyer looking for your dream home or a seller hoping to make the most of this thriving market, I’m here to guide you every step of the way.

If you have any questions or would like to explore the exciting opportunities available in Twin Creeks, please don’t hesitate to reach out to me. Remember, I’m Marie Walton, your dedicated REALTOR® from Ebby Halliday REALTORS, and I’m here to help you navigate the Twin Creeks real estate market with confidence.