▶️ Cherokee County Market Update for February 2024
Hey there, Buyers and Sellers! Let's dive into our local Cherokee County market stats for February 2024. Here are some key real estate metrics that you'll want to know about.
First up, we have the Month Supply of Inventory, which currently sits at a low of 1.87. This means that there is a relatively low number of homes available on the market compared to the demand from buyers.
Next, we have the 12 Month Change in Months of Inventory, which has seen a significant increase of +47.24%. This indicates that there has been an influx of new listings entering the market, giving buyers more options to choose from.
Now, let's talk about the Median Days Homes are On the Market, which is a speedy 20 days. With homes selling quickly, sellers can expect a swift turnaround on their property.
Moving on to the List to Sold Price Percentage, which is a strong 98.5%. This means that homes are typically selling very close to their listing price, indicating a healthy market for both buyers and sellers.
Lastly, the Median Sold Price currently stands at $465,000. This gives you an idea of the average price at which homes are selling in the current market.
Overall, these metrics paint a picture of a dynamic real estate market with low inventory, quick sales, and strong list-to-sold price percentages. Whether you're looking to buy or sell, now is a great time to get in on the action!
If you are looking to dive into the market, first reach out to your trusted realtor to get you pointed in the right direction. All the best in your real estate endeavors.
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