Heidi Jakubowski

REALTOR
License#: SA634835000

Market Update October 2024

By Heidi Jakkubowski - December 02, 2024

Market Update October 2024

 

Market Update Maricopa County 10-2024

Let's delve into the real estate market metrics to provide you with a comprehensive analysis. 

The Months Supply of Inventory currently stands at 5.38, indicating a balanced market where supply and demand are relatively equal. However, the 12-Month Change in Months of Inventory has seen a significant increase of +92.83%, suggesting a shift towards a more buyer-friendly market with more inventory available.

The Median Days Homes are On the Market is 50, which is a reasonable timeframe for properties to sell. This indicates that the market is active and homes are moving relatively quickly.

The List to Sold Price Percentage is at 98.3%, showing that homes are generally selling close to their listing prices. This is a positive indicator for sellers, as it suggests that the market is strong and buyers are willing to pay close to the asking price.

Lastly, the Median Sold Price is $479,250, providing insight into the average price at which homes are selling. This can be useful for both buyers and sellers to understand the current market values.

Overall, these metrics paint a picture of a dynamic real estate market with a good balance between supply and demand. Buyers can benefit from the increased inventory and sellers can take advantage of homes selling close to their listing prices. It's a market worth exploring for both parties.

Thank you for your attention, and we hope this analysis has been informative and helpful. If you have any further questions or would like to discuss the market in more detail, please don't hesitate to reach out. Happy buying and selling!

 

 

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