Find out what’s changing in our constantly evolving real estate market.

Staying informed about market trends is crucial. Today, we'll delve into some key aspects that both buyers and sellers should be aware of. The real estate market is ever-evolving, and keeping track of changing values and numbers is essential for making informed decisions.

One significant factor to consider is days on market and the overall inventory in the marketplace. For sellers, understanding your competition is vital. Your home is part of the inventory available to potential buyers, and knowing how many other homes are on the market is crucial.

“The real estate market is ever-evolving.”

Lately, there has been a noticeable increase in inventory. Regular market analysis reveals that the number of available homes is rising, leading to an extension in the average days on market. In the last 4 to 6 months, homes were selling relatively quickly, but the current trend suggests a shift towards longer durations – 50 to 70 days compared to the previous 20 to 35 days.

For sellers contemplating listing their homes, this shift has implications. Recalculating your timeframe is essential, allowing yourself ample time to navigate the evolving market conditions. Properly pricing your property is equally crucial. The real estate market operates like a dynamic science, influenced by ever-changing factors.

To adapt to these changes and gain insights into what's happening in your local real estate market, it's recommended to consult with professionals who study market trends regularly. If you're curious about the current state of the real estate market in relation to your home and its value, don't hesitate to give us a call.