Hey there, Buyers and Sellers! Let's dive into some Haslet Area real estate metrics for November 2024 that can give us insight into the current market trends.
Months Supply of Inventory: Currently sitting at 3.48. This metric indicates how many months it would take to sell all the current homes on the market if no new listings were added. A lower number typically signals a seller's market, while a higher number leans towards a buyer's market.
12-Month Change in Months of Inventory: There's been an increase of +8.41% over the past year. This rise suggests that inventory levels have grown, potentially offering buyers more options to choose from.
Median Days Homes are On the Market: The average time it takes for a home to sell is 61 days. A lower number here could indicate a faster-moving market, which is beneficial for sellers looking to close deals quickly.
List to Sold Price Percentage: Homes are selling at approximately 98.5% of their asking price. This close alignment between list and sold prices can be a good indicator of a healthy market where sellers are pricing their homes accurately.
Median Sold Price: The median price for sold homes is $374,900. This figure provides an overview of the current price point of homes in the market.
Overall, these metrics paint a picture of a balanced market with a decent supply of inventory and homes selling relatively quickly, but not as fast in months past, at prices close to their listing price. As always, it's important to keep an eye on these trends if you're in the market to buy or sell a home. Happy house hunting!
Data is as of the end of November 2024. I will be posting December 2024 metrics as soon as they become available.
