Dear Buyers and Sellers,
Let’s delve into the current real estate market metrics to provide you with valuable insights for your decision-making process.
The Months Supply of Inventory currently stands at 1.87, indicating a low supply of available homes in the market. However, the 12-Month Change in Months of Inventory has seen an increase of 14.72%, suggesting a slight uptick in available inventory compared to the previous year.
The Median Days Homes are On the Market is 59, which is relatively low, indicating that homes are selling quickly. This is further supported by the Sold to List Price Percentage of 98.1%, showing that homes are typically selling close to their list price.
In terms of pricing, the Median Sold Price is $532,250, reflecting a healthy market where homes are fetching a competitive price.
Overall, these metrics suggest a dynamic and competitive real estate market. Buyers may need to act quickly to secure a property, while sellers can expect to receive strong offers close to their asking price.
We hope this information has provided you with valuable insights into the current real estate market. Please feel free to reach out if you have any further questions or if you would like to discuss your specific real estate needs.
Best regards,
If you would like to know more about what is happening in your particular area, let’s schedule some time to speak. Each market is different and there are micro markets that may provide additional insight. I look forward to discussing what is going on with your area.
