Looking for a competitive edge in the Augusta Pines real estate market? As a trusted REALTOR® with The Houston Suburb Group, let me share some exciting market trends data with you. In the last 12 months, the Months Supply of Inventory has grown by 46.9%, currently standing at 2.13. The median days on the market is a mere 6, with a median sold price of $575,000 and a List to Sold Price percentage of 102.3%. Whether you’re buying or selling, let’s work together to capitalize on this thriving market!
MARKET TRENDS ANALYSIS:
As a real estate professional, it is important to understand the different metrics that drive the market. In analyzing the data provided, we can see a correlation between the Months Supply of Inventory, the 12-Month Change in Months of Inventory, the Median Days Homes are On the Market, the List Sold Price Percentage, and the Median Sold Price.
The Months Supply of Inventory is a measure of how long it would take to sell all the homes currently on the market if no new homes were listed. In this case, the monthly supply of inventory is 2.13, which indicates a seller’s market where demand is high and supply is low.
However, the 12-Month Change in Months of Inventory is up by 46.9%, indicating an increase in the number of homes available in the market. This could be due to more homes being listed or a decrease in demand. Nevertheless, the market remains strong, and sellers are still receiving offers at or above their asking price.
The Median Days Homes are On the Market is only 6, which is a testament to the strong demand for homes in this market. Homes are selling quickly, and buyers need to act fast to secure their dream homes.
The List to Sold Price Percentage of 102.3% suggests that homes are selling above their asking price, indicating a competitive market. Buyers need to be prepared to make strong offers to compete with other buyers in this market.
Finally, the Median Sold Price of $575,000 is a reflection of the high demand for homes in this market. Sellers are receiving offers above their asking price, and buyers are willing to pay a premium to secure their new homes.
Overall, the data suggest a strong seller’s market with high demand and low supply. Buyers need to be prepared to make strong offers, and sellers can expect to receive offers at or above their asking price. As a real estate professional, it is important to understand these metrics to provide the best service to buyers and sellers in this market.
We hope you have learned something today about the market updates and trends at Augusta Pines. If you have any questions, reach out to our Houston Suburb Group, and our expert REALTOR® is here if you need help with the market trends and updates in Augusta Pines, so you can get ready to EXPERIENCE LIVING IN HOUSTON, TEXAS!
Source: RPR
Jeanette San Luis is a blog contributor, a double degree major in BS Chemical Engineering and BS Nursing, and graduated Magna Cum Laude and Summa Cum Laude respectively. She has won numerous accolades and was named one of Houston Chronicles TOP 150 Outstanding Nurses in 2016 and 2019. In her dual role as a REALTOR®, she empathizes and understands the needs of her clients; therefore, you are in very good hands.
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