Midlands Market Update | January 2024
UNDERSTAND THE NUMBERS
What Do They Mean?
MONTHS SUPPLY OF INVENTORY
We have a healthy 1.62 months supply of homes on the market.
Over the last 12 months, we've seen a whopping 38.46% increase.
LIST TO SOLD PRICE %
We're currently rocking a solid 97.3% List to Sold Price ratio.
This means sellers are getting almost their entire asking price when they sell their homes.
MEDIAN DAYS ON MARKET
In our fast-paced market, homes are flying off the shelves within just 27 days on average.
Sellers, now is the time to strike while the iron is hot!
MEDIAN SOLD PRICE
Our current Median Sold Price stands at a respectable $225,000.
This figure represents the midpoint of all homes sold recently.
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