Hey there, everyone! Paul Washington here, your friendly neighborhood REALTOR® bringing you the latest market update for Cherokee County in May 2024.
Let's dive right into the numbers, shall we? Currently, we're looking at a 2.39 Months Supply of Inventory in Cherokee County. This means that if no new homes were to come on the market, it would take just over 2 months to sell off all the existing inventory. Over the last 12 months, we've seen a 33.52% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.
Another key figure to note is the List to Sold Price percentage, which is currently at a strong 99.2%. This shows that homes in Cherokee County are selling very close to their list price, demonstrating a healthy and competitive market for both buyers and sellers.
In terms of how quickly homes are moving, the median days on market is just 15 days. That's right, homes in Cherokee County are flying off the market in just over two weeks on average. So, if you're looking to buy, you'll need to act fast to snag your dream home.
And finally, the median sold price in Cherokee County is currently $501,000. This figure represents the midpoint of all homes sold in the area, giving you a good benchmark to understand the overall market trends.
So, whether you're a buyer or a seller, now is a great time to make your move in Cherokee County. If you have any questions or need assistance navigating the market, don't hesitate to reach out to me. I'm here to help you every step of the way.
Thanks for tuning in, and I'll see you next time for more market updates. Happy house hunting!