This is the set of stats that I like to pull for my home sellers here in Sarasota County each month.
Why?
If you’re wondering how likely it is that your home will sell for cash, this tells you that 44% of all sales here are cash.
If you’re wondering about how long it might take to get your house under contract, right now it’s taking about 25 days (most of mine sell faster).
If you’re wondering if it’s a seller’s market or a buyer’s market, check out the “months supply of inventory” which shows we are sitting at 3.2 months. That’s still technically a seller’s market although these days it feels just about even.
Is your house priced more or less than what most people are paying for homes these days? Check out the median sale price, it’s currently at $535k.
And when you do get an offer on our house, can you expect full price? Chances are you’ll get an offer that’s closer to 96.3% of your listed price.
And how much competition do you have? Take a look at the active inventory; we’ve got more homes on the market now but it’s still not up to pre-pandemic levels.
When it’s time to sell, ask your realtor about stats like these. It’ll give YOU an advantage.
Curious about how much your home might be worth? Start with your customized home valuation.