11/16/2023
๐กโจ Market Update Alert! โจ๐ก
Hey there, New London County buyers and sellers! ๐ Jacqueline Kapusta, your dedicated REALTORยฎ from Navick Properties, here with an exciting update on the local real estate market for October 2023. ๐
๐ Let's start with some fresh data: Currently, we have a super low 1.59 Months Supply of Inventory. ๐ That means the market is moving fast, and it's a fantastic time for sellers to list their homes and attract eager buyers! ๐ ๐จ
๐ Looking back over the last 12 months, we've seen a significant -15.43% decrease in Months Supply of Inventory. ๐ช This trend indicates a thriving and competitive market, giving buyers a wide range of options to choose from. ๐
๐ฐ Now, let's talk numbers! The List to Sold Price percentage is a stellar 101.3%. ๐ฏ This means that homes are generally selling at or above their listing prices, reflecting strong buyer demand and a great return on investment for sellers. ๐ฒ๐ผ
โฐ Time is of the essence! The median days on market is just 21 days. ๐๏ธ This speedy turnaround demonstrates the high demand for homes in New London County, making it crucial for potential buyers to act quickly and efficiently. ๐ฃ
๐ต๐ Lastly, the median sold price for homes in our area is an impressive $350,000. ๐ต This figure showcases the value and desirability of properties in New London County, adding confidence to sellers and assurance to buyers. ๐ช
๐ข So, whether you're thinking about buying or selling, now is the time to take advantage of the thriving New London County market! ๐ Reach out to me, Jacqueline Kapusta, your trusted REALTORยฎ at Navick Properties, for personalized guidance and expert insights. ๐ Together, let's make your real estate dreams a reality! โจ๐