1. Months Supply of Inventory (MSI): Currently, the MSI is 8.49, meaning it would take just over eight months to sell all homes on the market at the current sales pace. This suggests an increasing availability of homes for buyers. 2. 12-Month Change in Months of Inventory: There’s been a significant increase of +124.6% in the MSI compared to last year. This indicates that the inventory of homes...
October 2024
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As a real estate professional, it is important to understand the correlation between various metrics in the market to help buyers and sellers make informed decisions. Starting with the Months Supply of Inventory, which is currently at 8.49, this indicates the number of months it would take to sell all available homes on the market if no new listings were added. A lower supply typically indicates a...
This is what you’re facing: The real estate market can be overwhelming, especially in today’s competitive landscape. Whether you’re looking to buy or sell, there are countless details to manage—pricing, staging, negotiating, and closing. Without the right strategy, you could be leaving money on the table or facing unnecessary stress and delays. This is how I can help you solve that: I...