In the month of August, closed sales were up and inventory levels were down. Numbers like this point to a strong real estate market. What is currently going on in the Peninsula market?
- Months Supply of Inventory - 6.9
Six months of inventory is considered a balanced market.
- Current Median Sold Price - up slightly to $173,000
- % of Sold Price to List Price - 97.41%
- Average Days on Market - down to 93.8
- Closed Sales - up 8%
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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