Are you having a hard time with your mortgage and need help
(Published on - 2/16/2025 9:36:23 PM)
Hey there distressed sellers! Let's talk about some key real estate metrics that can help you understand the current market conditions and potentially guide your decision-making process.
First up, we have the Months Supply of Inventory sitting at a low 1.3. This indicates that there is a limited supply of homes on the market, which could work in your favor as a seller looking to stand out in a competitive market.
Next, we see that the 12-Month Change in Months of Inventory has decreased by 6.47%. This signals a trend towards a tighter market with potentially increasing demand for properties, which could mean quicker sales and potentially higher offers for your home.
Moving on to the Median Days Homes are On the Market, we see that homes are selling relatively quickly at an average of 38 days. This means that there is a strong level of interest from buyers, and your property may not sit on the market for an extended period of time.
The Sold to List Price Percentage is at a solid 98.4%, indicating that sellers are typically receiving offers very close to their asking price. This is great news for you as a distressed seller, as you may be able to secure a favorable sale price for your property.
Lastly, the Median Sold Price is at $387,500. This gives you an idea of the potential value of your property in the current market, helping you to set realistic expectations and make informed decisions.
Overall, these metrics paint a picture of a market that is favorable for sellers, with limited inventory, quick sales, and strong offers. If you are a distressed seller looking to sell your property efficiently and for a fair price, now may be a great time to take advantage of these market conditions. So don't wait, reach out to a real estate professional today and explore your options!
