Augusta Pines Real Estate Market Update and Trends March 08, 2024
Hi Friends, the real estate market is currently experiencing a low inventory situation, with only 1.33 months of supply available. This means that there are fewer homes on the market compared to the demand from buyers. However, there has been a decrease of 12.5% in the past 12 months in the months of inventory, indicating a slight improvement in the availability of homes for sale.
Despite the limited inventory, homes are selling relatively quickly, with a median of 39 days on the market. This shows that there is a high demand for homes in this area, and buyers need to act quickly when a suitable property becomes available.
Sellers in this market are also seeing good returns on their investments, with homes selling at 98.5% of their list price on average. This suggests that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price for desirable properties.
The median sold price in this market is $657,500, indicating that the real estate market is strong and properties are selling at a healthy price point. Overall, this data suggests that the real estate market in this area is competitive, with limited inventory, quick sales, and strong prices. Buyers and sellers should be prepared to act decisively in order to navigate this dynamic market successfully.
If you have any questions and need help with market trends and updates, reach out to Jennifer Yoingco, REALTOR®, and her team in The Houston Suburb Group, so you can get ready to EXPERIENCE LIVING IN HOUSTON, TEXAS!
Jeanette San Luis is a blog contributor, a double degree major in BS Chemical Engineering and BS Nursing, and graduated Magna Cum Laude and Summa Cum Laude respectively. She has won numerous accolades and was named one of Houston Chronicles TOP 150 Outstanding Nurses in 2016 and 2019. In her dual role as a REALTOR®, she empathizes and understands the needs of her clients; therefore, you are in very good hands.
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