10/24/2023
๐ก๐ Hello Sellers of Fayetteville, TN 37334! Anita Scheelings, your friendly REALTORยฎ from Access Realty, here with an exciting market update for September 2023. Let's dive into the numbers and discover what's happening in our local real estate market. ๐
๐
๐ First up, we have a crucial stat for you: the Months Supply of Inventory. Currently, we're looking at 2.87 months of inventory available. And guess what? Over the past year, we've seen a positive trend with a +16.67% increase in the Months Supply of Inventory. This means the market is picking up steam, and there's a demand for properties! ๐ ๐
๐ Now, let's talk about something that matters to every seller: the List to Sold Price percentage. You'll be thrilled to know that it stands at an impressive 96.8%! This indicates that homes in our area are selling close to their listing prices, giving you confidence in your investment. ๐ฐ๐ฏ
๐ Are you curious about how long it takes to sell a property in Fayetteville? Well, the median days on the market currently sits at 35 days. This means that, on average, homes are selling relatively quickly in our area. So, if you're considering selling, now might be the perfect time to take action! โณโก
๐ And finally, let's touch on the Median Sold Price, which is currently at $222,000. This figure represents the midpoint of all homes sold in Fayetteville, TN, over the past year. It's essential to have an accurate understanding of the market value, and this data can help you make informed decisions. ๐ฒ๐ผ
๐ก๐ That's it for today's market update, folks! As always, if you have any questions or want to explore your options in this thriving real estate market, feel free to reach out to me, Anita Scheelings, your dedicated REALTORยฎ at Access Realty. I'm here to guide you every step of the way. Let's make your real estate dreams a reality! ๐๐ก๐ผ