top of page
vecteezy_five-arrow-way-intersection-illustration-vector_10017198.jpg
intersect-1.gif

Welcome to my blog page. This is a free space for anyone and everyone to come in and chat about anything they'd like to share. Please keep it civil and please be respectful. That's all I ask. otherwise, feel free to sit down, kickback and unload at my little intersection of life on Earth.

Search
  • Writer's pictureLisa Creighton

Friday Financials

Ladies and gentlemen, as buyers and sellers in the real estate market, it is crucial for you to have a clear understanding of the current market conditions. Today, I will be delving into some key real estate metrics that will provide you with valuable insights into the dynamics of the market.


Let's start with the "Months Supply of Inventory," which currently stands at 5.99. This metric represents the number of months it would take to sell all the available properties in the market, given the current rate of sales. It means that this market is fairly balanced, good for both sellers and buyers. A lower number indicates a seller's market, where demand outpaces supply, resulting in potentially higher prices and faster sales.


Now, let's turn our attention to the "12-Month Change in Months of Inventory," which has experienced a significant increase of +327.86%. This surge in inventory indicates that there has been a substantial influx of properties into the market over the past year. This could potentially indicate a shift towards a buyer's market, where there is an abundance of properties and buyers have more negotiating power.


Moving on, we have the "Median Days Homes are On the Market," which currently stands at 34 days. This metric reflects the average number of days it takes for a property to sell after being listed. A lower number suggests a faster-paced market, indicating high demand and potentially competitive bidding situations.


Next, we have the "List to Sold Price Percentage," which currently stands at 95.9%. This metric represents the percentage of the original list price that a property ultimately sells for. A higher percentage indicates that sellers are achieving close to their asking price, suggesting a strong market where buyers are willing to meet or exceed listing prices.


Lastly, let's explore the "Median Sold Price," which is currently $405,000. This metric represents the middle point of all the sold prices within a specific time period. It provides a snapshot of the overall price range in the market. Buyers can use this information to gauge the affordability of properties, while sellers can assess the potential value of their own properties.


When we analyze these metrics together, we can draw some intriguing conclusions. The increase in the months of inventory suggests a potential shift towards a buyer's market, giving buyers more options and potentially more negotiating power. However, the median days homes are on the market and the list to sold price percentage indicate that demand remains strong, potentially resulting in competitive bidding situations and sellers achieving close to their asking prices.


Furthermore, the median sold price of $405,000 provides a benchmark for both buyers and sellers to understand the overall price range in the market.


In conclusion, these real estate metrics provide valuable insights into the current market conditions in Punta Gorda, 33950. As buyers, you may find increased inventory and potentially more negotiating power. As sellers, you can expect strong demand and the possibility of achieving your desired selling price. It is important to consider these metrics when making informed decisions in the real estate market. If you are looking in an other area or need help understanding the market, please call me today for more information.

3 views0 comments

Recent Posts

See All

Friday Stats.

🏡📊 Market Update for Cape Coral, FL (December 2023) 📊🏡 🌟 Hey there, Cape Coral! Lisa Creighton, your trusted REALTOR® at Coldwell Banker Sunstar Realty, bringing you the latest scoop on our local

Komentar


bottom of page