Marie: Hey everyone, Marie Walton here from Ebby Halliday REALTORS. Today, I wanted to give you all a market update for Pine Ridge Estates in McKinney, TX as of December 2024.

Let’s dive right into the data. Currently, we have a 2.75 Months Supply of Inventory in Pine Ridge Estates. This means that if no new homes were to come on the market, it would take 2.75 months to sell all the existing homes. Over the last 12 months, Months Supply of Inventory has increased by 74.05%.

Next up, the List to Sold Price percentage is sitting at 99.1%. This means that on average, homes in Pine Ridge Estates are selling for very close to their list price.

The median days on market is 88, which is the amount of time it takes for a home to go under contract after being listed. And finally, the median sold price in Pine Ridge Estates is $488,500.

So, what does all of this data mean for buyers and sellers in Pine Ridge Estates? Well, with the increase in Months Supply of Inventory, buyers may have more options to choose from. And with homes selling close to their list price and spending an average of 88 days on the market, sellers can expect a fairly competitive market.

Overall, the real estate market in Pine Ridge Estates is holding strong. If you’re thinking about buying or selling in the area, now is a great time to get in touch with a REALTOR® to discuss your options.

Thanks for dropping in, and I’ll catch you all in the next update. Happy house hunting!