Summary
This article provides an overview of the Hanson real estate market trend in December, 2024, including the Months Supply of Inventory, Median Days Homes are On the Market, and List to Sold Price Percentage.
Your Guide to Current Trends and Tips for Homebuyers
Introduction
The Hanson real estate market is heating up, and as a buyer, you’re likely eager to know the ins and outs of the current market trends. By understanding these metrics, you’ll be better equipped to navigate your home search and make informed decisions.
A Seller’s Market: What Does it Mean?
First, let’s take a look at the Months Supply of Inventory, currently at 1.52. This metric indicates that demand exceeds supply, making it a seller’s market. With fewer homes available for sale, you may need to act quickly when you find a property that suits your needs.
Decreasing Inventory, Increasing Competition
The 12-Month Change in Months of Inventory shows a significant decrease of 44.73% compared to the previous year. This means the market is becoming even more competitive, with fewer homes available for sale. As a buyer, you’ll need to be prepared to make a strong offer when you find a property you love.
Homes are Selling Quickly – Don’t Get Left Behind!
The Median Days Homes are On the Market is 28, indicating that homes are selling relatively quickly. This means that if you find a property that meets your criteria, you won’t have much time to waste before making an offer. Consider working with a knowledgeable agent who can help you stay ahead of the game.
A Slightly Above-Average Price? What’s Going On?
The List to Sold Price Percentage is at 101.2%, meaning that homes are selling for slightly above their listing price. This could indicate strong demand and competition among buyers. Keep in mind that this is just one aspect of the market, and there are many factors to consider when making an offer.
Conclusion: Be Prepared and Act Swiftly
Overall, the Hanson real estate market is competitive and fast-paced. As a buyer, it’s essential to be prepared and act decisively when you find a property that meets your criteria. With the right guidance and support, you can navigate this market and find your dream home.
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