Skip to main content

Clare County Residential Market Trends - December 2024

 

Unlocking the Real Estate Market with Cummings Realty

Hello Buyers and Sellers!
At Cummings Realty, we’re here to keep you informed and empowered as you navigate the exciting world of real estate. Today, we’re diving into some key market metrics that paint a picture of current trends and opportunities. Whether you’re buying, selling, or just curious about the market, here’s what you need to know:

1. Months Supply of Inventory: A Healthy Balance

The Months Supply of Inventory currently stands at 2.91, indicating a balanced market. What does this mean? At the current sales pace, it would take about 2.91 months to sell all the homes currently on the market. This balanced level of supply and demand creates opportunities for both buyers and sellers to achieve their goals.

2. Inventory Trends: A Shift Toward Buyers

Over the past year, the 12-Month Change in Months of Inventory has seen a significant increase of +20.75%. This uptick suggests that buyers now have more options to choose from, potentially gaining more negotiating power in the process. For sellers, this means that pricing your home competitively is more important than ever.

3. Speed of Sales: Homes are Moving Fast!

With a Median Days on Market of just 43 days, homes are selling relatively quickly. This is great news for sellers, as it reflects strong buyer interest and a fast-paced market. Buyers should be ready to act quickly when they find the perfect property.

4. Negotiations: Sellers Hold the Upper Hand

The List to Sold Price Percentage is currently at an impressive 97.7%, showing that sellers are securing prices close to their asking amount. Buyers should approach with competitive offers, as this data demonstrates the strong value sellers are achieving in this market.

5. Median Sold Price: Market Stability

The Median Sold Price for homes in the area is $191,500. This figure highlights stable pricing trends, helping both buyers and sellers position themselves strategically. Sellers can feel confident about the value of their homes, while buyers can make informed decisions based on current market conditions.

What Does This Mean for You?

These metrics reflect a dynamic and balanced real estate market. Whether you’re looking to buy, sell, or simply explore your options, now is a fantastic time to make your move.

At Cummings Realty, our dedicated team is here to guide you through every step of your real estate journey. From expert market insights to personalized strategies, we’re committed to helping you turn your goals into reality.

Ready to Make Your Move?

Contact us today to learn more about how you can take advantage of these opportunities in the market. Let’s make your real estate dreams come true with Cummings Realty—your trusted partner in real estate!

Stay informed, stay engaged, and happy house hunting!










Labels:

Comments

Post a Comment

Popular posts from this blog

9705 Doe RD - MLS #50122673

Original MLS: #50122673 Address: 9705 Doe RD Price: $75,000 Municipality: Summerfield Twp Introduction In the heart of the enchanting LEOTA area lies a hidden gem, a property waiting to be transformed into the retreat of your dreams. Situated on over half an acre of lush land, this home offers a unique blend of adventure and tranquility. Nestled within a serene woodland paradise, it beckons you to discover the beauty of nature in all its glory. With direct access to ORV (Off-Road Vehicle) trails and the picturesque Muskegon River at your doorstep, this property is a haven for outdoor enthusiasts. Join us on a journey to explore the potential of this remarkable place. A Natural Wonderland One of the standout features of this property is its 165 feet of water frontage, gently sloping down to the Muskegon River. The river's serene waters offer opportunities for fishing, kayaking, and simply immersing yourself in the soothing sounds of nature. Imagine waking up to the soft murmur of th...
Post a Comment
Read more

732 Blossomwood DR - MLS #50114094

  Original MLS: #50114094 Address: 732 Blossomwood DR  Price: $259,900 Municipality: Clare Are you ready to step into your dream home? Nestled in the tranquil neighborhood of Clare's newest subdivision, this stunning 5-bedroom, 3 1/2-bathroom residence awaits, promising a serene ambiance that's perfect for families. But that's just the beginning; this home offers a multitude of features that make it a true standout in the housing market. Location, Location, Location One of the most attractive aspects of this home is its prime location. Situated near schools and shopping, it combines the tranquility of suburban living with the convenience of urban amenities. You'll find yourself at the heart of a community that offers the best of both worlds. Underground Utilities and Unobstructed Views The allure continues with underground utilities, ensuring unobstructed views of the picturesque surroundings. Imagine waking up to the beauty of your neighborhood every day without the cl...
Post a Comment
Read more

V/L Hemlock Avenue - MLS 50120461

  When it comes to finding the perfect retreat for outdoor enthusiasts, it's all about location, tranquility, and the promise of adventure. Nestled just outside the enchanting Lake George area, there exists an 11-acre parcel of wooded hunting land that offers an unparalleled opportunity for those who seek to immerse themselves in nature and unlock the true potential of pristine acreage. Nature's Playground This captivating 11-acre haven is a paradise for nature lovers and avid hunters alike. The property is not just a piece of land; it's a sanctuary where the whispering trees and the call of the wild combine to create a symphony of serenity. Whether you're a seasoned hunter or simply someone who revels in the great outdoors, this parcel of land has something special to offer. Trails that Beckon For outdoor enthusiasts, the property boasts a network of trails that wind their way through the woods, offering a chance to explore the natural beauty of the area. These trails ...
Post a Comment
Read more