When considering selling home in Danville, CA, it’s important to understand the real estate market metrics that impact the sale of your home. Let’s take a closer look at the data to better understand how these metrics are correlated.
The Months Supply of Inventory is a key metric that measures the months it would take to sell all the homes currently on the market. A low number is typically indicative of a seller’s market, where there are more buyers than available homes. In this case, the Months Supply of Inventory stands at 1.46, which is a very low number. This means that there is a high demand for homes, and buyers are actively searching for properties.
The Median Days Homes are On the Market is another important metric that measures how long it takes for a home to sell. A low number is typically indicative of a seller’s market, as homes sell quickly. In this case, the median number of days that homes are on the market is 10, which is a very low number. This means that homes are selling quickly.
The List to Sold Price Percentage is also an important metric that measures how close the final sale price is to the original listing price. In this case, the percentage is 101.3%, which means that homes are selling for more than the original asking price. This is a great sign for sellers as it means that they can expect to receive strong offers for their home.
The median sold price is $2,012,500 this is great news for sellers who are looking to get top dollar for their home in Danville, CA
Contact me for more data and Danville housing market data!
Todd Goforth
Keller Williams Realty Danville
601 Sycamore Valley Rd W
Danville, CA 94526
925-788-5741