Dallas Area Residential Sales Report – Condos and Townhomes Prosper, Texas

Hey there, Buyers and Sellers! Let’s dive into some real estate metrics that can give us a good idea of what’s going on in the condo and town home market in Prosper, Texas during December.

First off, we have a Months Supply of Inventory of 4.83. This means that at the current rate of sales, it would take about 4.83 months to sell all the homes on the market.

Now, here’s where things get interesting – the 12-Month Change in Months of Inventory has increased by a whopping 57.84%. This could indicate a shift in the market towards more inventory and potentially a slower pace of sales.

Next up, we have a Median Days are On the Market of 56. This tells us that condos and town homes are selling relatively quickly, which is great news for Sellers looking to move their property.

When it comes to negotiating prices, the List to Sold Price Percentage is at 97.9%. This means that, on average, condos and town homes are selling very close to their list price.

And finally, the Median Sold Price is $485,000. This gives us a good idea of the overall price range of condos and town homes that are selling in the current market.

Overall, these metrics paint a picture of a market with moderate inventory levels, condos and town homes selling relatively quickly, and prices holding strong. Whether you’re looking to buy or sell, it’s always a good idea to keep an eye on these numbers to stay informed and make the best decisions for your real estate needs. Happy house hunting!