Understanding the Current Market Trends

Hey there, Sellers! Let's dive into some key real estate metrics that are crucial for understanding the current market trends.

First up, we have the Months Supply of Inventory, which is sitting at a low 2.08. This indicates a high demand for homes in the market, making it a great time to sell.

Next, the 12-Month Change in Months of Inventory is showing a positive trend, meaning inventory levels have been decreasing over the past year. This further emphasizes the seller's advantage in the current market.

The Median Days Homes are On the Market is a mere 34 days, indicating that homes are selling quickly. This is great news for sellers looking to make a quick sale.

The Sold to List Price Percentage is an impressive 99.8%, showing that sellers are receiving almost their asking price for their homes. This is a strong indicator of a seller's market.

Lastly, the Median Sold Price is $845,000, demonstrating that sellers are fetching top dollar for their properties in the current market.

Overall, these metrics paint a picture of a hot real estate market with high demand, low inventory, quick sales, and strong selling prices. If you're thinking about selling your home, now may be the perfect time to capitalize on these favorable market conditions.

If you’re ready to list your property and make the most of this seller's market, I’m here to help!

Tiffany Jennings Realty