Selling stats in 55448 Coon Rapids
Hello Sellers, let's take a closer look at some important real estate metrics that can help you understand the current market conditions and make informed decisions when selling your property.
First, let's talk about the Months Supply of Inventory, which is currently at 1.05. This metric indicates how long it would take for all the current listings to sell based on the current pace of sales. A lower number like 1.05 suggests a seller's market, where demand is high compared to supply.
Next, we have the 12-Month Change in Months of Inventory, which has increased by +12.9%. This means that the market has seen a slight increase in inventory over the past year, which could indicate a shifting market towards a more balanced state.
The Median Days Homes are On the Market is 18, which is a relatively short amount of time. This shows that properties are selling quickly, likely due to high demand and low inventory.
The List to Sold Price Percentage is 102.9%, indicating that homes are selling for slightly above their listing price on average. This could be a sign of competitive bidding and strong buyer interest in the market.
Lastly, the Median Sold Price is $328,500, which gives you an idea of the average price at which homes are selling in the current market. This can help you determine a competitive listing price for your own property.
Overall, these metrics suggest that it is currently a good time to sell a property, with low inventory, quick sales, and prices slightly above asking. Keep these factors in mind when pricing and marketing your home to maximize your chances of a successful sale.
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