November 2024
Despite being late in the year, November was a busy month. New Pending Sales were 26% higher than in 2023. New Listings were even with last year, with 31 homes listed in November. Total Active Inventory remains higher than last year, with 201 homes for sale reported in November 2024. Closed Sales in November 24 we relatively flat, coming in 8% below last year.
Year to Date – January-November 2024
Looking at the year so far, most statistics remain relatively flat, with less than 5% deviations above or below 2023 numbers. As has been the trend so far this year, we continue to see more even distribution with days on market. For the first time in many years, homes sold in 0-30 days has dipped below 50%. While 29% of homes still sell in 0-10 days, the rest of the sales are more evenly divided from 20-180 days. This is a good indication that the market is shifting into a neutral market that is favors neither sellers nor buyers.
Buyers
Expect New Listings to pick up after the first of the year! Winter is a great time to purchase because it allows for plenty of time for closing and post settlement improvements or changes prior to the summer season. This can be especially beneficial if you plan to use your home as a vacation rental! It’s also a great time to purchase because buyer competition is generally less steep in the winter months. If you’re considering purchasing in 2025, getting connected with your REALTOR now will put you in the perfect position for purchasing when you’re ready! The agents at Railey Realty represent more than 60% of transactions in the area – that means they work within the largest local network! Not only that, but they’re full time REALTORS who LIVE and WORK here! They’re area experts for a reason!
Sellers
Ready to get started? Winter is a great time to list your home! Buyers who are seriously interested in purchasing are always active in the market – winter is no different! The days on market numbers are a good indicator that well-priced and unique homes are still selling quickly. Nearly all buyers start their home buying journey online – that means your home’s digital presentation is crucial. Luckily, professional photos, drone photography, and video are standard practice for the agents at Railey Realty. Don’t settle when it comes to selling your property!
Contact us to get started! Call our office or fill out this online contact form to get paired with an expert local agent at Railey Realty today!
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