Summary
Learn about key real estate metrics in South Easton, MA, in November 2024, including inventory supply and pricing trends to inform your home search.
Key Metrics to Navigate Your Home Buying Journey
Introduction
Welcome to South Easton, Massachusetts! If you’re on the hunt for a new home, understanding the local real estate market can give you the edge you need. Let’s dive into some crucial metrics that highlight the current trends and opportunities.
Months Supply of Inventory
First off, consider the current Months Supply of Inventory, which sits at a mere 1.6. This low number indicates that available homes are scarce. With limited inventory, expect heightened competition among buyers. Understanding this can help you be strategic in your search.
Decrease in Months of Inventory
Transitioning to the 12-Month Change in Months of Inventory, there’s a striking decrease of 49.53%. This significant drop underscores the escalating competitiveness in the market. Homes are selling at a faster pace, so being aware of the urgency in this market is crucial.
Quick Home Sales
Looking at the Median Days Homes are On the Market, you will see properties are selling in just 21 days. This rapid turnover means that if you find a home you adore, acting quickly is essential. Hesitation could lead to missing out on your dream property.
List to Sold Price Percentage
Another important metric to note is the List to Sold Price Percentage, currently at 101.6%. This figure reveals that homes are generally selling above their listing price. Such demand illustrates the strong interest in South Easton, so be prepared to compete with other eager buyers.
Understanding Median Sold Prices
Lastly, the Median Sold Price stands at $358,000. This average gives you a baseline for what to expect in your home search. Keep in mind that prices vary based on specific locations and types of properties. Staying adaptable in your expectations can help you navigate the listings more effectively.
Conclusion
These metrics provide a clear snapshot of the South Easton real estate landscape. With limited inventory and strong buyer demand, you will want to move swiftly and make compelling offers. This competitive market requires readiness and a clear strategy to secure the perfect home for you.
Ready to explore homes in South Easton? Contact me today to help guide you through this dynamic market!
My Service Area
My real estate agency services are tailored towards home buyers and sellers in Bristol and Plymouth counties in Southeastern Massachusetts.
Streamlining Your Home Buying Journey for a Satisfying Experience!
When it’s time to search for your ideal home, I’m dedicated to assisting you in reaching your goals and securing the best value for your investment.