Over the last 12 months, we have seen a significant increase (+102.6%) in Months Supply of Inventory. This suggests a shift in market conditions, potentially favoring buyers.
On a positive note, the List to Sold Price percentage is at a strong 96.2%! This shows that properties are being priced accurately and buyers are willing to pay close to the asking price.
Understanding these real estate metrics can provide valuable insights into the current market conditions for sellers and buyers. By considering factors such as the Months Supply of Inventory and the List to Sold Price Percentage, you can make informed decisions and position yourself for a successful sale. Good luck with your real estate endeavors!
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