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The real estate market is currently showing a moderate level of inventory with a Months Supply of Inventory at 5.21. This means that, at the current rate of sales, it would take approximately 5.21 months to sell all available homes on the market.
The 12-Month Change in Months of Inventory has increased significantly by +76.61%, indicating a trend towards more available inventory compared to the previous year. This could suggest a shift towards a more buyer-friendly market, with more options for potential homebuyers.
The Median Days Homes are On the Market is 49, which is a reasonable amount of time for homes to be listed before being sold. This indicates a healthy balance between supply and demand in the market.
The Sold to List Price Percentage is 97.2%, showing that homes are generally selling close to their asking price. This is a positive sign for sellers, as it indicates that there is strong demand for homes in the market.
The Median Sold Price is $375,000, which is a good indicator of the overall price range of homes in the market. This information can be helpful for both buyers and sellers in determining fair market value for properties.
Overall, these metrics suggest a balanced real estate market with moderate inventory levels, strong demand, and stable pricing. This data can be valuable for buyers and sellers in making informed decisions in the current market conditions.
