Hello, and welcome back to my site. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and today I’m excited to bring you a market update for March 2024 in the Southern Hills at Craig Ranch community in McKinney, TX.

Let’s dive right into the numbers. Currently, there is a 3.3 Months Supply of Inventory in Southern Hills. This means that if no new homes were listed, it would take 3.3 months to sell all of the existing homes on the market. Over the last 12 months, we’ve seen a 17.86% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.

The List to Sold Price percentage remains strong at 99.1%, showing that sellers are still able to achieve a high percentage of their asking price. The Median days on market is just 12 days, indicating that homes in Southern Hills are selling quickly.

Now, let’s talk about the numbers that everyone is curious about – the Median Sold Price. In March 2024, the Median Sold Price in Southern Hills is $924,000. This represents a healthy market with strong demand and stable prices.

For buyers, this market update shows that Southern Hills continues to be a desirable community with limited inventory and homes selling quickly. For sellers, the high List to Sold Price percentage and stable Median Sold Price are positive indicators of a strong market.

If you’re considering buying or selling in Southern Hills at Craig Ranch, now is a great time to make a move. Reach out to me for personalized advice and guidance tailored to your specific needs.

Thank you for dropping in, and be sure to like and subscribe for more market updates and real estate tips. Until next time, happy house hunting!