Months Supply of Inventory is 1.51, representing time to sell all homes on market. Lower number = seller’s market, high demand, limited supply.
12-Month Change in Months of Inventory: -2.58%, less homes compared to last year. Expect competition, potentially higher prices, faster sales.
Median Days Homes are On the Market: 19, homes sell quickly due to high demand, low inventory, competitive pricing.
List to Sold Price Percentage: 97.8%, homes sell close to listing price, effective pricing by sellers, buyers willing to pay close to asking.
Median Sold Price: $277,000, average selling price in the market. Helps in setting competitive listing price for your property.
Overall, it’s a good time to sell in this market! Low inventory, high demand, quick sales, strong list to sold price percentages. Understand these correlations for strategic selling. 💼