🥰Dream Home or Investment Property and a Fantastic Interest Rate in Melissa, Texas + Market Update | Home Star Sellers


Hi 😊

The North Texas market keeps its steady beat, and we’ve got our finger on the pulse this week. Dive into our newsletter for insights on Positive Signs in North Texas: Rise in Closed Sales for Homeowners plus some local headlines to be aware of.

Let’s make your real estate journey a breeze!

For this week’s video, let’s explore this property in Melissa, Texas. 

Looking for your starter home or investment property and a fantastic interest rate? Look no further! We’ve featured a beautiful property in this week’s newsletter that ticks all the boxes. Watch the video tour to discover all it has to offer, and don’t miss out on this rate, starting at 2.49% interest rate, locking at a rate of just 4.49% after 3 years!

Our Hottest Listings

We have several listings coming soon in the North Texas area between $500k-$850k, between 1600 sq ft – 3700 sq ft. If this size home interests you, just email us or call us we’re excited to give you the info.

Market Update

🏡 For Sellers:

  • Strong Market Activity: Despite a slight decrease in median price, the significant increase in closed sales (+8.4% from last year) and active listings indicates a robust selling environment.
  • Optimal Selling Opportunities: With an increased months of inventory up to 4.0 from 2.7, the market is less tight than last year, suggesting a more balanced environment that may still favor well-priced listings due to ongoing buyer interest.

🏡 For Buyers:

  • Greater Selection, Increased Competition: The median price has decreased by 1.5% compared to last year, offering a slight relief in pricing. However, a substantial 41.5% increase in active listings means more choices but also heightened competition.
  • Market Dynamics Demand Flexibility: With an extended total transaction time of 90 days (days on market plus days to close), buyers need to be adaptable and prepared for negotiations to secure their preferred properties in this bustling market.

April 2024 illustrates a market in transition with more active listings and a higher volume of closed sales, pointing to an active but slightly more buyer-friendly environment compared to the previous year. The increase in overall transaction time and the slight softening in prices provide buyers with more leverage and choices. Sellers should leverage the increase in market activity by listing properties strategically to attract the heightened buyer interest. Both buyers and sellers must navigate this dynamic market with informed strategies and timely actions to capitalize on the evolving opportunities.

Remember, every property and situation is unique. For tailored advice and insights into how these trends affect your specific real estate goals, feel free to reach out or schedule your free real estate consultation with us…

Stay informed, stay ahead, and let’s make your real estate dreams a reality in Collin County!

Have an amazing and fun weekend!

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Licensed "Husband and Wife" Realtor in Collin County with 17+ Years Experience helping Buyer and Seller to confidently buy, sell & invest in this market!

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