Hello, Buyers and Sellers!
Let's dive into the exciting world of real estate metrics and how they impact the market.
First up, we have the Months Supply of Inventory, which currently stands at 4.06. This is a key indicator of market conditions, with a lower number typically indicating a seller's market and a higher number indicating a buyer's market.
Next, let's look at the 12-Month Change in Months of Inventory, which has seen a significant increase of +33.11%. This could suggest a shift towards a more balanced market, giving both buyers and sellers more options and flexibility.
When it comes to how long homes are staying on the market, the Median Days Homes are On the Market is 73. This can give sellers an idea of how quickly their home may sell, while buyers can gauge how competitive the market is.
The List to Sold Price Percentage is a strong 99.1%, showing that sellers are getting close to their asking price on average. This is great news for sellers looking to maximize their return on investment.
Finally, the Median Sold Price is $355,000. This figure gives both buyers and sellers a sense of the current market value of homes in the area, helping them make informed decisions.
Overall, these metrics paint a picture of a dynamic and balanced real estate market, where both buyers and sellers have opportunities to make successful transactions. Whether you're looking to buy or sell, now is a great time to explore the possibilities in this thriving market. Happy house hunting!