Welcome to the latest market update for The Hammocks neighborhood. If you’re thinking about buying or selling a single-family home, these October 2024 insights offer valuable guidance.
The Hammocks remains a Seller’s Market for single-family homes, with strong demand and favorable conditions for homeowners who may be considering selling.
Months of Inventory: 4.28 months
Up 11.75% from last month
This represents the time it would take to sell all the homes on the market at the current sales pace, suggesting a balanced level that still leans in favor of sellers.
List to Sold Price Percentage: 98.2%
Down 0.55% from last month
Sellers are achieving close to their asking prices, indicating strong buyer interest.
Median Days on Market: 47 days
Up 67.86% from last month
Homes are taking a bit longer to sell, but demand remains steady.
Median Sold Price: $685,000
Up 5.4% from last month
This increase in the median sold price signals rising home values, which reflects the strength of the market in The Hammocks.
For a comprehensive look at the data, view the Full October 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.
Contact Information:
Call or text me at 786-290-3594
Visit: LabradaRealty.com
Alberto Labrada
Trusted Real Estate Broker & Mortgage Broker
Lic# 3111387
