The 1st Market Update of the New Year
Here’s your monthly market update!
In today’s market update, I’ll discuss median home prices, average days on market, and some of the challenges associated with our low inventory.
The median home price has ticked up just a bit to $240,000, while the average days on market has slipped to 54.
Inventory has decreased by 45% from this time in May 2019.
If you’re a homebuyer, get out there and look to make sure you don’t miss the home you’ve always wanted.
The average number of sales has increased by 3% throughout November 2019. However, the level of inventory in the market has decreased by 45% from this time in May 2019.
If you’re a seller, now may be a great time to put your house on the market. That way, you can get all the buyers clamoring over your listing.
For any questions you have about the market or buying/selling homes, don’t hesitate to reach out to the C.A.R.E Network. We’d be glad to help you.
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