Hello, and welcome to my market update for July 2024. I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to provide you with the latest data on the Princeton housing market.
Let’s dive into the numbers. Currently, there is a 4.14 months supply of inventory in Princeton. This means that if no new homes were to come on the market, it would take just over 4 months to sell all existing homes. Over the last 12 months, we have seen a significant increase of 54.48% in the Months Supply of Inventory, indicating a shift in the market.
The List to Sold Price percentage in Princeton is currently at 98.3%. This means that on average, homes are selling for 98.3% of their list price. Sellers can expect to receive a strong offer close to their asking price in this market.
The median days on market in Princeton is 30 days. This is a key indicator of how quickly homes are selling in the area. With a median of just 30 days on market, buyers need to act fast to secure their dream home in this competitive market.
And finally, the median sold price in Princeton is $325,000. This is the midpoint of all home sales in the area, giving buyers and sellers a benchmark to compare prices.
Thank you for joining me for this market update. If you’re thinking of buying or selling in Princeton, now is the time to make a move. Contact me today to discuss your real estate needs. Remember, when it comes to real estate, trust the experts at Ebby Halliday REALTORS.
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Marie Sells Dallas 