The real estate market is currently experiencing a low supply of inventory, with only 3.28 months of available homes for sale. This means that there is high demand from buyers, resulting in properties being sold quickly.
The 12-month change in months of inventory shows a significant decrease of -25.28%, indicating that the market has become more competitive for buyers. This decrease in inventory has likely contributed to the median days homes are on the market being relatively low at 84 days.
Despite the competitive market conditions, sellers are still able to negotiate favorable terms, with the list to sold price percentage at a high 99.2%. This means that sellers are receiving close to their asking price when their homes are sold.
The median sold price in this market is $354,000, showing that buyers are willing to pay a premium for homes in this area. Overall, these metrics suggest a strong seller's market with high demand and limited supply, making it a favorable time for sellers to list their properties. Buyers should be prepared to act quickly and potentially pay above asking price to secure a home in this competitive market.
Let's break down the real estate metrics to better understand how they are correlated and what they mean for buyers and sellers in the Indianola market. First, let's look at the Months Supply of Inventory, which is currently at 1.75. This metric tell
The real estate market is currently experiencing a low supply of inventory, with only 3.28 months of available homes for sale. This means that there is high demand from buyers, resulting in properties being sold quickly. The 12-month change in
Let's break down the real estate metrics to better understand how they are correlated and what they mean for buyers and sellers in the Indianola market. First, let's look at the Months Supply of Inventory, which is currently at 1.75. This metric tell
The real estate market is currently experiencing a low supply of inventory, with only 3.28 months of available homes for sale. This means that there is high demand from buyers, resulting in properties being sold quickly. The 12-month change in