Market Trends for March 2025 in Fort Walton Beach
Market Trends for March 2025 in Fort Walton Beach
Let's dive into some real estate metrics that can give us a good idea of what's happening in the housing market.
First up, we have the Months Supply of Inventory, which is currently sitting at 3.89. This number tells us how long it would take for all the current homes on the market to sell at the current pace of sales.
Next, we have the 12-Month Change in Months of Inventory, which has increased by +21.18%. This means that there are slightly more homes available on the market compared to a year ago.
Looking at the Median Days Homes are On the Market, we see that it's only 31 days. This indicates that homes are selling relatively quickly in this area.
The Sold to List Price Percentage is at 97.1%, which means that on average, homes are selling for very close to their listing price. This is good news for Sellers as it shows that there is strong demand in the market.
Finally, the Median Sold Price is $330,000. This gives us an idea of the average price that homes are selling for in this area.
Overall, these metrics suggest that the market is fairly balanced, with homes selling quickly and close to their listing price. Sellers can feel confident in listing their homes, while Buyers may need to act fast to secure a property in this competitive market. Keep an eye on these numbers as they can give you valuable insights into the current real estate landscape. Happy buying and selling!
Angela Huffine
Real Broker, LLC
850-225-0228
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