Hello everyone, and welcome back to another market update with me, Marie Walton from Ebby Halliday REALTORS. Today, I’m excited to bring you the latest data for the Trinity Falls addition in Collin County, TX, as of February 2024.

Let’s dive right in. Currently, we have a 1.92 Months Supply of Inventory in Trinity Falls. This means that if no new homes were to come on the market, all the existing homes would be sold in just under 2 months. And over the last 12 months, we’ve seen a decrease of 11.11% in the Months Supply of Inventory, indicating a competitive market for both buyers and sellers.

Now, let’s talk about the List to Sold Price percentage, which is currently at an impressive 101.2%. This tells us that homes in Trinity Falls are selling for slightly above the list price on average, which is great news for sellers.

Next up, we have the Median days on market, which is sitting at 86 days. This means that on average, homes in Trinity Falls are selling within 3 months of being listed. And last but not least, the Median Sold Price in Trinity Falls is $485,000.

So, what does all this data mean for buyers and sellers in Trinity Falls? Well, with a low Months Supply of Inventory and homes selling above the list price, sellers can expect a strong market and potentially multiple offers on their homes. On the other hand, buyers should be prepared to act quickly and make competitive offers in order to secure their dream home in this desirable neighborhood.

If you’re thinking of buying or selling in Trinity Falls, now is a great time to make a move. Reach out to me, Marie Walton, at Ebby Halliday REALTORS, and let’s discuss how I can help you navigate this exciting market. Thanks for dropping by, and I’ll see you next time with more market updates.