The real estate market is showing positive signs of growth and stability. This week we're focusing on the inventory side of things, and we're pleased to report that the overall inventory now sitting at 2261 is right around the 5-year average of inventory, which is something we haven't seen in the last 2 years, which is a positive sign for home buyers but how is it for home sellers?. While we're starting to see more inventory come up, it hasn't necessarily led to a drop in prices. However, the supply side of the component is providing more options for home buyers, and we're seeing a bit of a mixed bag in terms of pricing. Some properties that are well-priced seem to hit the market at just the right time and sell quickly, while others that miss the mark in terms of price seem to sit. Buyers are willing to be a bit patient until the price, product, and timing are in alignment with the home. This isn't a bad thing, as it means sellers have the opportunity to maximize their profit and not leave money on the table. Pricing and timing are important for home sellers, and we're here to help ensure you don't get left behind. If you're looking to buy or sell in the current market, we can provide you with personalized insights and strategies to help you achieve your goals. The real estate market is showing great promise, and we're excited to be a part of it.
Total Sales Sales 435 New Listings 856 Current Inventory 2,261 Median Days to Sell 36 Average Days to Sell 52 Months of Inventory 5.20 Median Sale Price $850,000 Average Sale Price $793,645 Total Volume Sold $345,235,402 Total Active Inventory pictured
Single Family Sales 192 New Listings 418 Current Inventory 1,082 Median Days to Sell 38 Average Days to Sell 53 Months of Inventory 5.64 Median Sale Price $949,500 Average Sale Price $1,105,849 Total Volume Sold $212,323,050 Total Active Inventory pictured
Townhome Sales 71 New Listings 136 Current Inventory 289 Median Days to Sell 35 Average Days to Sell 50 Months of Inventory 4.07 Median Sale Price $700,000 Average Sale Price $696,114 Total Volume Sold $39,390,199 Total Active Inventory pictured
Apartment Sales 133 New Listings 196 Current Inventory 479 Median Days to Sell 37 Average Days to Sell 49 Months of Inventory 3.60 Median Sale Price $448,750 Average Sale Price $490,683 Total Volume Sold $65,260,850 Total Active Inventory pictured