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 tells us how many months it would take to sell all the homes on the market at the current pace of sales. A lower number indicates a seller's market, where there is high demand and limited supply.
Next, the 12-Month Change in Months of Inventory is showing an increase of 12.18%. This means that inventory levels are rising, which could potentially shift the market towards a more balanced or even a buyer's market in the future.
The Median Days Homes On the Market is 79, which shows that homes are selling relatively quickly in this market. A lower number suggests high demand and competitive pricing.
The List to Sold Price Percentage is at 99.04%, indicating that homes are selling very close to their list price. This shows that sellers are pricing their homes effectively and buyers are willing to pay close to the asking price.
Finally, the Median Sold Price is $304,990, giving buyers and sellers an idea of the average price of homes in the market. This can help both parties make informed decisions when buying or selling a property.
Overall, these metrics suggest that we are currently in a fast-paced seller's market with low inventory levels and high demand. However, with inventory levels rising, it may be a good time for buyers to start looking for opportunities in the market. Sellers should continue to price their homes competitively to attract buyers and make a successful sale.
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
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