When analyzing the current real estate market, it is important to consider several key metrics that can provide valuable insights for both buyers and sellers.  First, let's look at the Months Supply of Inventory, which currently stands at 5.89. This metric indicates the number of months it would take to sell all the homes on the market at the current sales pace. A lower number typically indicates a seller's market, while a higher number suggests a buyer's market. The 12-Month Change in Months of Inventory is also worth noting, as it has increased by +52.2%. This significant jump could be an indication of a shifting market, potentially moving towards a more balanced or even buyer-friendly environment. The Median Days Homes are On the Market is 66, which means that on average, it takes about 66 days for a home to sell. This metric can give sellers an idea of how long they can expect their property to be on the market before finding a buyer. The List to Sold Price Percentage is 96.8%, indicating that homes are typically selling for just under their listing price. This could be a sign of a competitive market where sellers are receiving offers close to their asking price. Lastly, the Median Sold Price is $950,000, providing a benchmark for both buyers and sellers to gauge the current market value of properties in the area. Overall, these metrics suggest a market that is in a state of transition, with increasing inventory levels and a slight decrease in the list to sold price percentage. Buyers may have more options to choose from, while sellers may need to be strategic in pricing their homes to attract potential buyers. It is always recommended to consult with a real estate professional for personalized advice in navigating the current market conditions.

  As a professional in the real estate industry, it is important to understand the correlation between key metrics to make informed decisions when buying or selling a property.  First, let's look at the Months Supply of Inventory, which currently stands at 6.71. This metric indicates the number of months it would take to sell all the current inventory of homes on the market at the current sales pace. A lower number typically indicates a seller's market, while a higher number indicates a buyer's market. The 12-Month Change in Months of Inventory is +37.22%, showing an increase in the amount of time it would take to sell all housing inventory. This could be due to an increase in the number of homes for sale or a decrease in buyer demand. The Median Days Homes are On the Market is 73, indicating the average number of days it takes for a home to sell. A lower number suggests a fast-moving market, while a higher number may indicate slower sales. The List to Sold Price Percentage is 98.6%, showing that homes are typically selling very close to their list price. This can be a helpful indicator for sellers when pricing their homes. Lastly, the Median Sold Price is $502,500, providing insight into the average price at which homes are selling in the market. This information is crucial for both buyers and sellers to understand market trends and make informed decisions. Overall, these metrics suggest that while there is a healthy level of inventory on the market, sellers are still able to sell their homes relatively quickly and close to their asking price. Buyers may have more options to choose from, but should be prepared to act quickly in this competitive market. It is essential for both buyers and sellers to work with a knowledgeable real estate professional to navigate these market conditions effectively.

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