Welcome San Antonio Texas, home buyers, home sellers and real estate investors.
We are examining the critical real estate metrics that provide great insights into today’s market trends. Whether you’re a buyer or a seller, grasping these metrics empowers you to make informed decisions.
If you are interested in getting specific market data for your neighborhood, send me message or call directly, my cell phone number is below.
Also ask how you can get a 0% Down – 1% Mortgage for 38 years? This loan is your golden ticket to home ownership.
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Months Supply of Inventory:
Currently at 3.85, this metric reveals how many months it would take to sell all available homes, indicating a seller’s or buyer’s market. A lower number hints at a seller’s advantage.
12-Month Change in Months of Inventory:
With a notable increase of +30.95%, this suggests a shift toward a buyer’s market, offering buyers more options and negotiating power.
Median Days Homes Are On the Market:
At 36 days, this measures how quickly homes go under contract. A lower number signals a fast-paced market with properties getting snatched up swiftly.
List to Sold Price Percentage:
Impressively at 97.4%, this indicates the percentage of the original listing price that homes are typically sold for, showcasing strong buyer demand and sellers achieving their asking prices.
Median Sold Price:
Currently at $301,000, this represents the middle point of all home prices, serving as a benchmark for pricing or negotiating a property.
Putting it All Together:
With a relatively low Months Supply of Inventory, buyers should be ready for potential competition and act swiftly. Yet, the changing trend in the 12-Month Change in Months of Inventory suggests more opportunities and negotiation room for buyers.
The quick turnover in the Median Days Homes Are On the Market indicates strong demand, paired with a high List to Sold Price Percentage, showcasing sellers successfully reaching their desired prices.
The Median Sold Price of $301,000 serves as a market value benchmark, aiding sellers in setting realistic prices and helping buyers evaluate fair pricing.
In conclusion, these real estate metrics portray a dynamic and evolving market. Buyers may encounter competition but also negotiation chances, while sellers have succeeded in reaching their price goals. Knowledge is power, and understanding these metrics empowers confident and informed decisions in the real estate market. 🏡💼✨
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