The new year is here and many consumers are asking "how's the market?".
The Peninsula real estate market is showing some interesting statistics through the end
of November:
- Months Supply of Inventory - 7.0
Six months of inventory is considered a balanced market, however inventory levels typically increase during the winter months.
- Current Median Sold Price - $165,000
This number is slightly down from last month, but up 7.2% overall from the prior year.
- % of Sold Price to List Price - 92.4%
- Average Days on Market - 91 days
This number has crept up slightly from last month
- Closed Sales - up 17.9%
If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.
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