As of November 2023, we have 5 months of inventory. What does this mean for you? Well, it indicates that there’s a balanced market where supply and demand are relatively stable.
Now, let’s talk about pricing. The List to Sold Price percentage is an impressive 95.3%. This means that sellers are getting close to their asking price, giving them confidence in the market’s strength.
The median days on the market currently sits at 50 days. This indicates that properties are moving relatively quickly, allowing both buyers and sellers to make timely decisions.
Understanding these real estate metrics can provide valuable insights into the current market conditions for both sellers and buyers.
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