Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to bring you the latest market update for July 2024 in Prosper, Texas.

Let’s dive into the numbers. Currently, there is a 6.19 Months Supply of Inventory in Prosper. This means that if no new listings were added, it would take just over 6 months to sell all the current homes on the market. Over the last 12 months, Months Supply of Inventory has increased by nearly 80%, showing a shift in the market dynamics.

The List to Sold Price percentage is holding strong at 97.5%, indicating that sellers are still able to get close to their asking price. Additionally, the median days on market is 47, showing that homes are selling relatively quickly in Prosper.

Now, let’s talk about the median sold price. In July 2024, the median sold price in Prosper is $853,909. This is a key indicator of the overall health and stability of the market in this area.

Whether you’re a buyer or a seller, these numbers provide valuable insights into the current real estate market in Prosper, Texas. If you have any questions or are thinking about buying or selling a home in the area, feel free to reach out to me at the phone number or text below.

Thank you for dropping in and stay tuned for more updates on the Prosper real estate market. Remember, I’m here to help you every step of the way. Have a great day!