Hey there, potential homebuyers and sellers! Let’s dive into the exciting world of real estate metrics and see how they all tie together—with Cummings Realty by your side to guide you every step of the way.
Market Metrics Breakdown
Months Supply of Inventory:
Currently at 4.04, this metric tells us how long it would take to sell all the homes on the market at the current pace. A lower number leans toward a seller's market, while a higher number suggests a buyer's market.
12-Month Change in Months of Inventory:
Inventory has increased by 29.07% over the past year, meaning more homes are available for buyers. This could give buyers more options and create opportunities for negotiating.
Median Days on Market:
Despite rising inventory, homes are still selling quickly, with a median of 59 days on the market. This reflects continued strong demand in the area.
List to Sold Price Percentage:
Homes are selling for 93% of their listing price, signaling that sellers are pricing their homes competitively while buyers are finding fair deals.
Median Sold Price:
The median sold price sits at $136,250, offering a clear snapshot of pricing trends for buyers and sellers alike.
Review the Charts Below
To better understand how these metrics impact your buying or selling journey, take a closer look at the charts below. They provide a detailed visual representation of the current market trends and can help you see the big picture.
The Cummings Realty Advantage
These numbers reflect a dynamic and balanced real estate market, and whether you're buying your first home, upgrading, or selling your property, Cummings Realty is here to help. Our team combines market expertise with personalized service to ensure you make confident and informed decisions every step of the way.
Ready to jump into the action? Contact Cummings Realty today and let us guide you home!
Comments
Post a Comment