Hello, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here in Celina, Texas. Today, I want to provide you with a market update for October 2024, focusing on important data that both buyers and sellers should be aware of.
Let’s start with the Months Supply of Inventory, which currently stands at 5.04 months. This indicates the number of months it would take to sell all the homes on the market at the current rate of sales. Over the last 12 months, we have seen a 28.9% increase in the Months Supply of Inventory, which is something to keep in mind when considering market conditions.
Moving on to the List to Sold Price percentage, we are currently at 97.9%. This figure represents the percentage of the original listing price that a home sells for. A higher percentage indicates a stronger seller’s market, while a lower percentage may suggest a buyer’s market.
Next, the median days on market is 45, which is the amount of time it takes for a home to sell once it is listed. This number can give you an idea of how quickly homes are moving in the current market.
Finally, the median sold price in Celina, Texas is $652,790. This figure represents the middle price point of all the homes sold in the area, giving you an idea of the overall market value.
As a REALTOR®, it’s important for me to provide you with accurate and objective data to help you make informed decisions. Whether you are a buyer or a seller, understanding these market trends can help you navigate the real estate market with confidence.
Thank you for stopping in, and if you have any questions or are interested in buying or selling a home in Celina, Texas, please don’t hesitate to reach out to me at the phone number or email address below. Have a great day!
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Marie Sells Dallas 