Market Report for Prosper, Texas . . . a HEALTHY market in January 2007
Prosper
In January of 2007, the median price of a single-family Home for Sale in Prosper was $275,000. The median price is the point where half of all houses are more expensive and half are cheaper. Median home prices are generally a better indicator of home price trends than mean, or average, home prices.
Sales volume in Prosper remains steady, with 12 home sales closed in January. Most sales activity is occurring in the price range of $250,000 to $300,000. Additionally, sellers are receiving an average of $107 per square foot and their homes are selling for 94% of list price.
During the cold & hectic month of January, the average time for a home on the market in Prosper was 76 days (5 days less than Prosper's popular neighbors Celina & Frisco). Prosper remains a strong market with 73 new homes for sale in January, 22 pending home sales and 226 active homes for sale (listings). All in all, Prosper is looking like a healthy market for both home buyers and home sellers this Spring.
Tina
Tina Howell, Realtor®
972-762-0658
Tina@TinaHowell.com
Frisco, TX 75034
http://www.TinaHowell.com/
"Proudly serving one of the fastest growing cities in our Nation, Frisco Texas. If you are relocating to the Dallas-area and need help from a professional Realtor, give me a call. Buyer and seller services for Real Estate in Frisco, Celina, Prosper, Little Elm, Plano and the rest of Collin and Denton Counties."
Source: Real Estate Center at Texas A&M University and NTREIS
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