Hello everyone, and welcome back to our monthly market update for Trinity Falls in Collin County, Texas. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today we’ll be diving into the latest trends and statistics that are shaping our local real estate market. Whether you’re a buyer or a seller, this update is designed to keep you engaged and informed.

Let’s start with the Months Supply of Inventory, which is a key indicator of market activity. Currently, Trinity Falls has a 2.59 months supply of inventory. This means that if no new listings were to come on the market, it would take approximately 2.59 months to sell all the existing homes. Over the last 12 months, we’ve seen a 21.6% increase in the Months Supply of Inventory, suggesting a slight shift towards a more balanced market.

Now, let’s talk about the List to Sold Price percentage. This figure represents the average percentage of the listed price that homes are actually selling for. In Trinity Falls, the List to Sold Price percentage is currently at 98.5%. This indicates that sellers are receiving, on average, 98.5% of their asking price when their homes are sold. It’s crucial information for both buyers and sellers to gauge the overall market competitiveness.

Moving on to the Median Days on Market, which measures the average number of days it takes for a home to sell after it’s listed. In Trinity Falls, the median days on market is 78 days. This number gives us a sense of how quickly homes are selling in our area. It’s important to note that factors such as location, condition, and price can influence this figure, so it’s always best to consult with a professional like myself for a more accurate analysis.

Finally, let’s discuss the Median Sold Price. Currently, the median sold price in Trinity Falls stands at $722,500. This figure represents the midpoint of all the sold homes in our area, indicating the overall price trend. It’s important to remember that individual homes can vary significantly in price due to factors such as size, location, and upgrades. So, if you’re considering buying or selling in Trinity Falls, it’s essential to work with a knowledgeable REALTOR® who can provide you with a comprehensive market analysis tailored to your specific needs.

Thank you all for joining me today for this market update. I hope you found these insights valuable. If you have any questions or if you’re interested in buying or selling in Trinity Falls or the surrounding areas, please don’t hesitate to reach out. I’m here to help you navigate the ever-changing real estate landscape with confidence and ease. Until next time, take care and stay well!