Celina, TX housing market

Nearly a third of all listings in Celina have cut their price, and that tells you almost everything about this market right now. About 31 percent of sellers have already lowered their asking price, which is what happens when homes are priced for a market that no longer exists. The typical home value here is around five hundred thirty-one thousand dollars, down nearly 10 percent over the past year. That is a real decline, not a blip. Sellers are still aiming high though. The median list price sits near five hundred seventy-two thousand dollars, well above where values actually are, and that gap explains why homes are taking about 52 days to sell. Meanwhile buyers have plenty to look at. There are roughly 464 homes on the market, with about 168 new listings coming on. More choice, more time, and motivated sellers all point the same direction. If you are selling in Celina this summer, price to today's market from day one. The sellers who chase the market down with cuts are the ones sitting the longest.