The Colony Home Values

Closings in The Colony picked up pace this quarter: 155 homes sold, well above the roughly 130 per quarter pace implied by the trailing annual figure. Based on MLS data for 2026-07 closings in The Colony, price per square foot held at $225, matching the annual benchmark, even as the median sale price eased to roughly $443K, a step back from last month's read. Homes spent about twenty-six days under contract before closing — a few days longer than last month's brisker clip, though still well inside the 39-day annual norm. Sellers continued to capture close to 98 cents on the dollar, and concession activity ticked up slightly, present in just over half of transactions.

Pending contracts in The Colony fell sharply this quarter, dropping to just 39 open agreements — well below the roughly 90 counted last month even as new listing volume held firm at 246, keeping fresh supply flowing into the market. Active inventory stayed flat at 242, and months of supply eased slightly to just under five, still comfortably below Denton County's broader reading of nearly six. The widening gap between new listings and pending contracts marks a shift from last month's tighter absorption pattern, suggesting buyers are taking longer to commit even as sellers keep bringing homes to market.

While Denton County buyers averaged about five and a half weeks to get a home under contract in the latest quarter, closings in The Colony moved roughly a third faster — with homes spending closer to three and a half weeks on market before going to contract. Based on MLS data for 2026-06 closings in The Colony, price per square foot held at $225, meaningfully above the county benchmark of $200, and the median sale price settled near $460K — also outpacing the county figure. Sellers in The Colony captured about 98 cents on the dollar at closing, compared to roughly 97 cents countywide, and the share of buyers receiving concessions ran notably below the county rate, where nearly six in ten transactions involved seller-paid concessions versus just over half locally.

The Colony's supply picture is tighter than Denton County's broader market: with roughly four and three-quarter months of supply versus nearly six countywide, the local pipeline carries less excess heading into the second half of the year. Active listings have held flat while new listing activity over the latest quarter ran at a pace that outpaces pending contracts — about 234 new entries against 89 open contracts — a ratio that mirrors a pattern noted last month and keeps absorption from tightening further. Whether that gap narrows or widens will be the key signal to watch: Denton County's deeper inventory pool suggests the region has not resolved the buyer-seller balance, but The Colony continues to clear supply faster than its neighbors.

Homes in The Colony closed significantly faster in the recent quarter than the trailing-year pace suggests, with median days on market dropping to roughly three and a half weeks — well below the 39-day annual average. Based on MLS data for 2026-05 closings in The Colony, price per square foot held steady at $225, while the median sale price settled near $460K. The YoY trend still shows values about three percent below prior-year levels, but the concession picture is mixed: nearly half of sellers offered concessions, though the average amount pulled back meaningfully from the annual norm — suggesting sellers are conceding less per transaction even as the practice remains common.

Pipeline conditions in The Colony point toward a market in transition. Active listings have held flat while new listing volume ran at a pace of roughly 70 homes per month over the latest quarter — modestly above the annual run rate. The pending count, however, sits at fewer than 90 contracts, a notably thin absorption figure relative to the new supply entering the market. With months of supply hovering just below five, the pipeline does not yet signal a decisive tilt toward either buyers or sellers, though the imbalance between new listings and pending contracts bears watching heading into summer.