February 2025 Market Report

As a potential buyer or seller in today's real estate market, it is crucial to understand the correlation between various metrics to make informed decisions. 

First, let's look at the Months Supply of Inventory, which currently stands at 1.46. This metric indicates how long it would take for all the current inventory of homes on the market to sell at the current pace of sales. A lower number typically indicates a seller's market, where demand exceeds supply.

The 12-Month Change in Months of Inventory has increased by +35.19%. This suggests that there has been an increase in the amount of time it would take to sell all the current inventory, signaling a potential shift towards a more balanced market.

The Median Days Homes are On the Market is only 13, indicating that homes are selling relatively quickly. This is likely due to the high demand and limited inventory, resulting in a fast-paced market.

The Sold to List Price Percentage is an impressive 100.1%, indicating that homes are selling for slightly above their listing price on average. This is a positive sign for sellers, as it shows strong buyer interest and competition.

Lastly, the Median Sold Price is $505,500, providing insight into the current market value of homes in the area. This can serve as a benchmark for both buyers and sellers when setting prices or making offers.

Overall, these metrics suggest a competitive market with high demand and limited inventory, leading to quick sales and strong prices. Buyers may face stiff competition, while sellers could benefit from favorable selling conditions. It is essential for both parties to stay informed and work with a professional real estate agent to navigate these market dynamics effectively.