As we enter the busy Spring season in real estate, statistics on the Peninsula are showing some very interesting trends.
- Months Supply of Inventory - 6.0
6 months of inventory is considered a balanced real estate market.
- Average Market Time - 101 days
This number has decreased slightly.
- Current Median Sold Price - $152,500
The current median sold price is down 12.5% over the last 12 months.
- % of Sold Price to List Price - 96.98%
- Closed Sales - down 25.4%
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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