The November market stats show that fewer homes were available on the market compared to November 2020. From year to year, there is an 18.77% decrease. Also, there were fewer sales with a decline of 9.58%.
However, the list-to-sale price ratio in November stayed the same as November 2020 with a strong ratio of 100.0%. This means that on average in the month of November, sellers sold their homes at the full value of their listing price.
The average number of days on market compared to last year is shorter with homes staying on market for an average of 27 days. There is a slight 6.89% decline from last year’s average market time.
The current November market saw shorter market times, a steady, dependable list-to-sale price ratio, and fewer actives & sales compared to the November of the previous year.
If you would like a current market analysis for your home, we will gladly pull one together and discuss it at your convenience & on your terms. Simply reach out here: Contact Us.
If you are looking to sell, buy, or even if you need advice, reach out because we are always here.
Statistic Disclaimer: We’ve interpreted the current market data as reported by our Multiple Listing Service and CoreLogic.