Hello there, potential home buyers and sellers! Let’s dive into the exciting world of real estate metrics and see how they all tie together to give you a clearer picture of the market.

First up, we have the Months Supply of Inventory sitting at a healthy 4.6. This number indicates how long it would take for all the current homes on the market to be sold out, if no new listings were added.

Now, let’s take a look at the 12-Month Change in Months of Inventory, which has seen a significant increase of +55.93%. This shows that there are more homes available on the market compared to this time last year, giving buyers a wider selection to choose from.

Next, we have the Median Days Homes are On the Market at 33. This means that on average, homes are selling relatively quickly, which is great news for sellers looking to move their property in a timely manner.

Moving on to the List to Sold Price Percentage of 98%, this indicates that homes are typically selling very close to their listing price. This shows a strong market where buyers are willing to pay close to the asking price for properties.

Lastly, we have the Median Sold Price at $508,500. This gives you an idea of the average price at which homes are selling in the current market.

Overall, these metrics paint a positive picture for both buyers and sellers. Sellers can expect quick sales at a price close to their asking price, while buyers have a decent selection of homes to choose from at reasonable prices. It’s always a good idea to keep an eye on these metrics to stay informed and make the best decisions in the real estate market. Happy buying and selling!