Welcome to the latest market update for The Hammocks neighborhood. If you’re thinking about buying or selling a single-family home, these November 2024 insights offer valuable guidance.
The Hammocks is currently a Balanced Market for single-family homes, offering opportunities for both buyers and sellers.
Months of Inventory: 5.01 months
⬆️ Up 6.6% from last month
This metric represents the time it would take to sell all the homes on the market at the current sales pace, reflecting a balanced market.
List to Sold Price Percentage: 97.4%
⬇️ Down 0.96% from last month
Homes are selling close to their listing price, though slightly less than the previous month, signaling the importance of strategic pricing.
Median Days on Market: 49 days
⬆️ Up 32.43% from last month
Homes are taking a bit longer to sell, likely due to increased inventory and buyer caution.
Median Sold Price: $650,000
⬇️ Down 4.97% from last month
This slight dip in median sold price indicates that buyers may have more opportunities to find good deals, while sellers may need to adjust pricing strategies.
For a comprehensive look at the data, view the Full November 2024 Market Report for The Hammocks.
If you’re curious about what your single-family home might be worth in today’s market, I’m here to help. Contact me for a FREE, no-obligation property valuation, and let’s discuss how I can help you maximize your home’s value.
This report focuses on single-family homes. If you’re interested in condos, townhouses, or villas in The Hammocks, reach out to me, and I’ll provide tailored market data specific to those property types.
