2024 Real Estate Market Snapshot: What You Need to Know

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!