2024 Real Estate Market Snapshot: What You Need to Know

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Stepping into 2024, the real estate scene is buzzing. Let’s break down the latest stats as of January 4, 2024, to help you navigate the market smarter.

Market Overview:

  1. Active Listings: 1732 The market has 1732 properties up for grabs, catering to various needs and preferences.
  2. Under Contract: 763 A significant chunk of the market is already spoken for, showing high demand and competition.
  3. Sold Listings in December: 515 December saw 515 successful deals, highlighting a vibrant market even during slower months.

Pricing Trends:

  1. Average List Price: $305,100 Sellers are pricing their homes competitively at $305,100 on average.
  2. Average Sale Price: $300,400 Homes are selling slightly lower than the listed price, leaving room for negotiation.

Market Performance:

  1. Average Days on the Market: 123 It takes about 123 days for a property to find a new owner, indicating a dynamic market.

As of January 4, 2024, the real estate market is balanced, offering opportunities for both buyers and sellers. Keep these trends in mind for smart decision-making. If you have questions or need advice, I am here for you. Here’s to a successful year in real estate!