January 2025 Century Village Market Update

Hey there, Buyers and Sellers! Let's chat about some key real estate metrics that can give you a good idea of what's happening in the market.

The 12-Month Change in Months of Inventory has increased by +30.49%. This means there are more homes on the market compared to this time last year, giving buyers more options to choose from.

The Median Days Homes are On the Market is 60, which tells us how long it typically takes for a home to sell. A lower number like this can indicate a faster-moving market where homes are selling quickly.

The Sold to List Price Percentage is 94.7%, showing that homes are typically selling for about 94.7% of their listing price. This can give sellers an idea of how much they might be able to negotiate on price.

Finally, the Median Sold Price is $121,500, giving us an idea of the typical price of homes in the market. This can be helpful for both buyers and sellers in setting their expectations.

Overall, these metrics paint a picture of a market with a good balance between supply and demand, where homes are selling relatively quickly and close to their listing prices. It's always a good idea to keep an eye on these numbers to stay informed about what's happening in the real estate market. Happy buying and selling!