Discover Your Perfect Home
Professional Real Estate Services with a Personal Touch
Discover Your Perfect Home
Professional Real Estate Services with a Personal Touch
WHY HIRE ME AS YOUR REALTOR?
Stella Ku To Seller:
Hello, Sellers! Let's dive into the exciting world of real estate metrics to help you understand the current market trends and how they can impact your selling strategy.
First up, we have the Months Supply of Inventory, which is currently at 3.47. This means that based on the current rate of sales, it would take approximately 3.47 months to sell all the available inventory on the market. A lower number indicates a seller's market, where demand exceeds supply.
Now, let's look at the 12-Month Change in Months of Inventory, which is showing a significant increase of +32.44%. This suggests that inventory levels are rising, which could potentially shift the market towards a more balanced or even buyer's market in the near future.
Next, we have the Median Days Homes are On the Market, which is at 66 days. This indicates that homes are selling relatively quickly, which is good news for sellers looking to make a quick sale.
Moving on to the List to Sold Price Percentage, which is at a healthy 96.4%. This means that on average, homes are selling for 96.4% of their list price. A high percentage like this indicates that sellers are pricing their homes competitively and buyers are willing to pay close to asking price.
Finally, we have the Median Sold Price, which currently stands at $544,500. This gives you a good idea of the average price at which homes are selling in the market, allowing you to gauge the potential value of your own property.
In conclusion, the current market conditions suggest a relatively balanced market with a slight tilt towards buyers. It's important to stay informed and work closely with your real estate agent to navigate these trends and price your home effectively for a successful sale. Happy selling!
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About Stella Ku
Stella Ku is committed to helping you find the perfect home or property. Whether you are a first-time homebuyer or an experienced investor, Stella Ku is here to help you achieve your real estate goals.
As a 8 years of U.S. navy female veteran, Stella understands VA's need, also helped a lot of veteran family sold and purchase their sweet homes. Over 10+ years real estate investment experiences in California and Texas, Stella offers expertise in guiding clients through the complexities of real estate transactions.