Where Prosper sits
| Prosper | Celina | Frisco | Entire MLS | |
|---|---|---|---|---|
| Median sale price | $840,050 | $540,000 | $650,000 | $373,000 |
| Pct of original list received | 92.3% | 93.8% | 95.4% | 96.6% |
| Months supply of inventory | 7.2 | 7.2 | 5.9 | 5.1 |
| Median days on market | 49 | 58 | 36 | 34 |
| Closed sales in the month | 89 | 145 | 222 | 10,686 |
What 92.3% is worth in dollars
On the $840,050 median, receiving 92.3% of the original asking price works out to roughly $65,000 below the first number on the listing. That is the gap between what sellers opened at and what they actually accepted.
Two supporting figures point the same direction. Months of supply sits at 7.2, and it rose 14.3% in a single month. Six months is roughly balanced, so there is more inventory than buyers need. Homes are taking a median of 49 days against 34 across the whole MLS.
This is not a crash and I am not calling one. It is a month in which Prosper sellers conceded more than any other local market measured. Prices are still the highest in the area by a wide margin. What has changed is the negotiating position, and it has changed in the buyer's favour.
If you are buying there
Ask. The data says the first number is not the last number in this market right now, and 89 closed sales in the month means sellers are competing for a limited pool of buyers.
Want your own numbers run?
Tell me the two places you are choosing between and I will pull the current figures for your price range.
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