Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in Prosper, Texas. Today, I wanted to provide you with a market update for April 2024.

Let’s jump right into the numbers. Currently, we have a 4.2 Months Supply of Inventory in Prosper, Texas. This means that based on current sales rates, it would take 4.2 months to sell all the homes on the market. Over the last 12 months, we have seen a 50% increase in Months Supply of Inventory, indicating a shift in the market.

Our List to Sold Price percentage is at 97%, showing that sellers are getting close to their asking price. The median days on market is 41, meaning that homes are selling relatively quickly in this area. And finally, the median sold price is $785,000, giving you an idea of the current market value in Prosper.

Whether you’re a buyer or seller, it’s important to stay informed about the market trends. If you’re considering buying or selling a home in Prosper, Texas, I would be happy to help you navigate the process.

Thank you for dropping by and remember, when it comes to real estate, knowledge is power. Feel free to reach out to me with any questions or to schedule a consultation. Have a great day!