When you’re selling a home in Canton, researching the current real estate market conditions is the best way to stay educated and alert to trends. Last month we saw that the market was mildly active. How is market activity this month?
Analyzing Available Homes by Feature
When we compare available listings with recent home sales (in this case, the last 30 days), we can see that only a few homes have sold in the past month while there are many available listings for sale. In this current market, there are more choices for the home buyer.
Months of Supply are Helpful Market Indicators
Recently sold homes can indicate how long it would take to sell the current inventory of homes in Canton if no other homes entered the market. Taking a look at the last 30 days, there are about 2.75 months of supply for all homes in the market, which means it is a seller’s market.
But for popular home searches, such as new construction and homes with pools, there are more homes for sale than have been sold in the past month, indicating that it’s a buyer’s market.
Price Range of Recently Sold Homes
Looking at all data provided by the MLS, we notice that homes with these features sell in a wide price range. Homes with pools range anywhere from $61,000 to $1.25 million, and homes over an acre follow a similar trend.
Bittinger Team, REALTORS® Can Help You Sell for Top Dollar
We know that selling your home can feel like a waiting game. You want to sell when the market is at its peak so you can receive the largest return on this investment. And, right now the market is at its peak. Don’t miss out on this incredible opportunity to sell your home!
We have all the resources you need to stay up-to-date with current market conditions in Canton, and we have ways of helping you sell your home fast for the best price before it even hits the market, such as with our Sneak Peek program.
Just contact us at team@bittinger.com and we can talk about your goals for selling your home, starting with finding out what your home is worth in today’s market.
Until next time,
Noel
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