Modesto Market Update - November

It's a new month so here is an exciting Market Update for Modesto!

 

Currently, we have a tight market with only 1.28 months supply of inventory. This means that properties are selling fast, so now might be the perfect time to list your home for sale or start your search for your dream home!

 

Over the past 12 months, the Months Supply of Inventory has seen a significant decrease of -46.67%. This indicates a strong demand for properties in Modesto, making it a seller's market.

 

The List to Sold Price percentage is an impressive 101.2%! This means that homes are selling close to or even above their asking prices, indicating a competitive market.

 

The median days on market is just 13, showcasing the quick turnaround time for properties. If you're a seller, this means you could potentially sell your home faster than ever before. And if you're a buyer, be prepared to act swiftly to secure your dream home!

 

The median sold price in Modesto is currently at $450,000. This represents a great opportunity for both buyers and sellers, as home values continue to appreciate.

 

Whether you're looking to buy or sell, I'm here to help you navigate this dynamic market! As a trusted REALTOR® at Keller Williams Central Valley, I have the expertise and resources to guide you every step of the way. Let's work together to achieve your real estate goals!

Call me today at 978.340.3346 or or book a 30-minute meeting by clicking here for personalized assistance. Don't miss out on this exciting market!