Dallas Area Residential Sales Report – The Colony

Hey everyone, Marie Walton here with Ebby Halliday REALTORS, bringing you a market update for July 2024 in The Colony, Texas!

Let’s dive right into the numbers. Currently, we have a 4.56 Months Supply of Inventory in The Colony. This means there is a healthy balance between buyers and sellers in the market. And get this – over the last 12 months, Months Supply of Inventory has increased by a whopping 92.41%!

That’s some serious growth, folks! But don’t worry, I’m here to help navigate you through these changes.

Now, let’s talk about List to Sold Price percentage. In The Colony, homes are selling for 99.4% of their list price. This shows that sellers are pricing their homes accurately and buyers are willing to pay close to asking price. It’s a win-win for everyone!

The median days on market in The Colony is 25 days. That means homes are selling relatively quickly in this area. So if you’re a seller, now might be the perfect time to list your home!

And finally, the median sold price in The Colony is $524,900. This shows that the market is strong and homes are selling at a competitive price point.

So there you have it, folks – a snapshot of the current real estate market in The Colony, Texas. If you’re thinking about buying or selling, now is the time to make your move! Contact me today for more information and let’s make your real estate dreams a reality.

Thanks for dropping in and until next time, happy house hunting!