Hey there, everyone! Welcome back to another market update. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to bring you the latest news and insights on the Twin Creeks real estate market in Allen, TX. So, let’s dive right in!

As of December 2023, we currently have 1.65 months supply of inventory in Twin Creeks. Now, what does that mean for buyers and sellers? Well, it’s a great indicator of the market’s overall health. A balanced market typically has around 6 months supply of inventory, so with only 1.65 months, we are definitely in a seller’s market.

Now, let’s talk about the Months Supply of Inventory trend over the last 12 months. We’ve seen a significant increase of 34.15%! This means that the demand for homes in Twin Creeks has been steadily rising, making it a competitive market for buyers. Sellers, on the other hand, have an advantage as they can potentially command higher prices due to the increased demand.

Speaking of prices, let’s take a look at the List to Sold Price percentage. Currently, homes in Twin Creeks are selling at an impressive 98.7% of their listed price. This indicates that sellers are receiving offers very close to their asking price, which is great news for homeowners looking to sell.

Now, let’s talk about the median days on market. This is the average number of days it takes for a home to be sold. In Twin Creeks, the median days on market is 41. This means that homes are selling relatively quickly, allowing sellers to move on to their next chapter sooner rather than later.

Lastly, let’s discuss the median sold price in Twin Creeks. Drumroll, please! The median sold price currently stands at $770,000. Now, this figure represents the midpoint of all the home sales in the area. It’s important to note that individual home prices may vary depending on factors such as size, location, and condition.

So, whether you’re a buyer or seller in Twin Creeks, these market statistics provide important insights into the current state of the real estate market. If you’re looking to sell, now might be a great time to take advantage of the high demand and potentially secure a strong offer. For buyers, be prepared to act fast and work closely with a REALTOR® to navigate the competitive landscape.

That wraps up our market update for Twin Creeks in Allen, TX. Thanks for joining me today, and if you have any questions or would like more information on the local real estate market, feel free to reach out to me at Ebby Halliday REALTORS. As always, stay tuned for more updates and insights. Take care, and until next time!