Whether you’re a buyer or seller, right now is a great time to take advantage of our market.
What are the latest numbers from our market? What do they mean for buyers and sellers?
Right now, inventory is very low. We only have 45 properties on the market, and the average list price of those properties is $1,176,000. There are 22 properties on the market that are listed at over $1 million, which is the highest number we’ve ever seen.
Year to date, 249 single-family homes have closed. The average sale price of those properties is $768,608, and the average days on market for them is 46 days.
“Now is a great time to both buy and sell."
To give you a year over year comparison, there were 228 single-family homes that had closed at this time in 2016. Their average sale price was $726,059, and the average days on market for those properties was 77 days.
If you’re a buyer, there’s still no better time to buy than right now. Interest rates are still low, so you’d be locking in a great rate for the next 30 years.
If you’re a seller, there’s also no better time to sell than right now because inventory is so low and there is a high number of active buyers looking to move to our city.
If you have any more questions about our market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.