Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update on condos and town homes in Princeton, Texas for November 2024.
Let’s dive into the data, shall we?
First off, we have 2.93 months supply of inventory in Princeton. This means that if no new homes were to come on the market, it would take 2.93 months to sell all the current homes. And over the last 12 months, we’ve seen a decrease of 34.3% in the Months Supply of Inventory, which is great news for sellers!
The List to Sold Price percentage is sitting at a solid 100%, meaning homes are selling for their list price on average.
The median days on market is 65 days, which is a good indicator of the current market activity. And the median sold price in Princeton is $279,990.
[Cut to Marie walking through a beautiful neighborhood]
So what does all this data mean for buyers and sellers in Princeton? Well, with the low months supply of inventory and homes selling at or above their list price, it’s a competitive market out there. Buyers may need to act fast when they find a home they love.
For sellers, it’s a great time to list your home as the market is strong and homes are selling quickly. Just make sure to price it right and you could see a quick sale.
Overall, the real estate market in Princeton is looking strong and steady. If you’re thinking about buying or selling, now is a great time to make a move.
Thank you for tuning in to this market update. If you have any questions or are ready to make a move in Princeton, feel free to reach out to me. Have a great day!
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Marie Sells Dallas 