Dallas Area Residential Sales Report – The Colony, Texas

Hi everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, bringing you a market update for The Colony, Texas in November 2024. Whether you’re a buyer or seller, this information is sure to keep you informed and engaged.

Currently in The Colony, we have a 3.97 Months Supply of Inventory. That’s an increase of 81.28% over the last 12 months. This data gives us a good indication of the balance between supply and demand in the market. Supply is still tilted to the sellers side.

The List to Sold Price percentage is currently at 98.1%. This number shows how close sellers are getting to their asking price, giving us insight into the negotiation power in the market.

The median days on market in The Colony is 37. This number represents the average amount of time it takes for a property to sell, giving buyers and sellers an idea of how quickly homes are moving in the area.

And finally, the median sold price in The Colony is $456,000. This number gives us an overview of the general price range of homes in the area.

So there you have it, a quick market update for The Colony, Texas in November 2024. Whether you’re looking to buy or sell, it’s always important to stay informed with the latest data. If you have any questions or are interested in learning more about the market, feel free to reach out to me at the phone number or email address below. Thanks!