This home is not for sale.
But if it was how much do you think it would sell for?
As a seller, understanding the correlation between key real estate metrics can help you make informed decisions when listing your property.
The Months Supply of Inventory is a crucial metric that indicates the balance between supply and demand in the market.
A low number, such as 1.76, suggests a seller's market where demand exceeds supply, potentially leading to quicker sales and higher prices.
The 12-Month Change in Months of Inventory of +134.67% indicates a significant increase in inventory over the past year.
This could be a sign of a shifting market towards a buyer's market, where there is more competition and potentially longer days on the market.
The Median Days Homes are On the Market at 17 shows that properties are selling relatively quickly in this market.
This could be attributed to the low inventory levels and high demand.
The List to Sold Price Percentage being at 100.1% indicates that properties are generally selling at or above their listing price.
This could be a result of strong buyer demand and limited inventory.
Lastly, the Median Sold Price of $705,000 gives you an idea of the average price at which properties are selling in the market.
As a seller, this can help you determine a competitive listing price for your property.
Overall, these metrics suggest a market with strong demand, limited inventory, and properties selling quickly at or above asking prices.
This information can guide you in pricing your property effectively and maximizing your chances of a successful sale.