In spite of the doom and gloom we are hearing these days on the news every day, this could not be a better time to purchase a home in Prosper, TX. If you're an existing home owner in Prosper, maybe uncertain about selling, you'll find the current market is extremely active with serious buyers.
If you're looking to buy a home, there is about 3 months supply of new listings, a stable price market and better interest rates than we've seen in some time.
If you're currently renting and haven't yet ventured into Prosper home ownership, we've provided suggestions below that could help with your decision.
Prosper Real Estate Stats
We know this is a great time to purchase real estate in Prosper, but don't take our word for it, here are the current stats for October 2019.
There is a great selection of homes on the market, and offered by motivated sellers. Sellers are receiving an average of 94.6% of the list price for single-family homes.
Stable Real Estate Market in Prosper
Prices have decreased slightly: 1.5% since October 2018 for single-family homes. This is enough to demonstrate a stable buyers market without any ridiculous price spikes. Homes are remaining on the market for about 93 days on average compared to 115 days in October 2018, which is great for sellers. This indicates that homes are selling selling faster than last year!
What does this mean if you’re selling a house in Prosper?
The housing inventory in Prosper is still low. This is a great time to list your home for sale in Prosper.
What does this mean if you’re buying a house in Prosper?
The low inventory means that the buyers are still competing for homes in Prosper and buyers need to be prepared to submit an offer once they identify a home that they like.
Prosper Home Value Estimate
If you want to know what your home might sell for find out using our instant home value estimator.
Texas Mortgage Rate Trends
Current rates in Prosper, Texas are 3.65% for a 30 year fixed loan, 3.0% for a 15 year fixed loan and 3.0% for a 5/1 ARM.
This data was taken from Realtor.com and based on rates as of October 12, 2019. You can see that the interest rates have gone down over the past 30 days, and have currently settled in a range below 4%.
New Home Construction Options in Prosper
The new home construction industry in Prosper is booming. What many people don't realize, you can own a brand new home or townhome in Prosper for under $400,000. In fact, there is a huge range of available inventory ranging from the $350,000s into the millions - basically something for everyone.
Tips: Looking for A Top Prosper Real Estate Agent?
When looking for a top real estate agent in Prosper, how can you look for a real estate agent who excels in their field?
You need to look for a real estate agent with designations and certifications.
If you are interested in moving to our great city of Prosper and need help finding a home, I would appreciate the opportunity to help you. I have lived in Dallas metro area for over 14 years. With nearly 40 suburbs in the Dallas area, with our help, you are sure to find a neighborhood to match your “must-haves” list and narrow down your top choices. Contact us for an in-depth analysis of your needs and recommendations along with market reports of various neighborhoods! Discover new construction homes or master planned communities in Prosper TX, Frisco TX, McKinney TX, Prosper TX, Coppell TX or Irving TX which offer homes to suit every lifestyle and budget.Since many of my clients are relocation buyers, I have all the tools you need to help your home search. Whether it is video previews of homes, extended work hours, digital signatures for documents or more, I can make this process as comfortable as possible no matter where you are located.