As a professional in the real estate market, it is important to understand the correlation between key metrics to make informed decisions.

The Months Supply of Inventory is a crucial metric that indicates the balance between supply and demand in the market. With a low value of 2.6 months, it suggests that there is a limited inventory of homes available for sale, which can drive up prices and lead to a competitive market environment.

The 12-Month Change in Months of Inventory of -22.85% indicates a decrease in the amount of time it takes for homes to be sold. This can be attributed to the low supply of inventory, leading to a faster turnover of homes in the market.

The Median Days Homes are On the Market of 39 days further supports the notion of a fast-paced market, with homes being sold relatively quickly. This can be advantageous for sellers looking to make a quick sale, while buyers may need to act swiftly to secure a property.

The List to Sold Price Percentage of 98.1% indicates that homes are typically selling close to their asking price. This suggests that sellers are pricing their homes effectively, leading to successful sales transactions.

Finally, the Median Sold Price of $483,250 reflects the current market value of homes in the area. With the low inventory and high demand, prices are likely to remain strong in the foreseeable future.

In conclusion, the low Months Supply of Inventory, fast turnover of homes, high list to sold price percentage, and strong median sold price all point towards a seller’s market. Buyers should be prepared to act quickly and competitively in this market environment, while sellers have the opportunity to capitalize on the favorable conditions.