Hey there, Decatur, GA Buyers and Sellers! Let’s dive into some key real estate metrics that can give you a better understanding of the current market trends.
First up, we have the Months Supply of Inventory, which is sitting at 3.94. This number tells us how long it would take for all the current homes on the market to sell at the current pace. A lower number typically indicates a seller’s market, while a higher number points to a buyer’s market.
Now, let’s talk about the 12-Month Change in Months of Inventory, which has seen a significant increase of +58.87%. This means that there are more homes available on the market compared to the previous year, giving buyers more options to choose from.
Next, we have the Median Days Homes are On the Market, which is 28. This metric gives us an idea of how quickly homes are selling. A lower number suggests a fast-moving market, while a higher number indicates a slower pace.
Moving on to the List to Sold Price Percentage, which is currently at 97.5%. This tells us that, on average, homes are selling for very close to their listing price. This is good news for sellers, as it shows strong demand and competitive pricing.
Lastly, let’s talk about the Median Sold Price, which is $335,500. This is the middle point of all the home prices sold in the area, giving us a snapshot of the market’s overall pricing trends.
Overall, these metrics paint a picture of a dynamic real estate market with a healthy balance of supply and demand. Whether you’re looking to buy or sell, it’s important to stay informed and work with a knowledgeable real estate professional to make the most of the current opportunities. Happy house hunting!
