Why Now is the Perfect Time to Sell Your Ocean Isle Beach Home! ๐๐
Are you considering selling your Ocean Isle Beach property? The latest market trends from January to October 2024 reveal some exciting opportunities for homeowners looking to make a move. Letโs dive into the key statistics and see why now could be the perfect time to list your beach home.
Market Trends That Favor Sellers ๐
The Ocean Isle Beach real estate market is showing promising signs for sellers. With a steady demand and competitive pricing, here's what you need to know:
Pricing Insightsย ๐ฐ
Average and Median List Prices: The active average list price in October was $841,368, with a median of $554,900. This reflects a stable market where homeowners can achieve competitive pricing.
Sold Average and Median Sale Prices: The average sale price in October was $689,987, with a median of $466,000. These figures highlight the potential for sellers to secure favorable deals.
Sale Price Ratios ๐ฐ
Sale to Original List Price Ratio: In October, homes sold for 93.8% of their original list price, showing that properties are selling close to asking prices.
Sale to List Price Ratio: With a ratio of 97.0%, sellers are achieving nearly their full asking price, indicating strong buyer commitment.
Active and New Listings ๐ก
Active Listings: The number of active listings peaked at 131 in October 2024, indicating a lively market with plenty of buyer interest.
New Listings: October saw 42 new listings, maintaining a strong flow of fresh properties entering the market. This consistent activity suggests a healthy demand for homes.
Days on Market and Inventory Levels โฐ
Days on Market: The average days on market (ADOM) in October was 79, with a median of 51. This indicates that homes are selling relatively quickly, a positive sign for sellers.
Months of Inventory: The months of inventory stood at 3.45 in October, suggesting a balanced market with healthy demand.
Pricing and Sales Performance ๐ฐ
Average and Median List Prices: In October, the average list price was $841,368, with a median of $554,900. These figures highlight a competitive market where sellers can achieve attractive pricing.
Sold Prices: Homes sold for an average of $689,987, with a median sale price of $466,000, reflecting strong buyer demand and the potential for sellers to secure great deals.
Sales Volume and Market Dynamics ๐ผ
Sales Volume: October saw an active sales volume of $110,219,189, with a sold volume of $26,219,505. This robust activity underscores the market's strength and the potential for sellers to capitalize on high buyer interest.
Why List Your Home Now? ๐ก
The Ocean Isle Beach market is ripe with opportunity for sellers. With steady demand and competitive pricing, listing your home now could lead to a successful sale. These trends indicate a market where sellers can confidently price their homes and expect serious interest from buyers.
Ready to Sell? ๐
If you're ready to explore the possibilities of selling your Ocean Isle Beach home, our team is here to assist you every step of the way. We specialize in making your selling experience smooth and rewarding, ensuring you get the best return on your investment.
Contact us today to discuss how we can help you achieve your real estate goals. Your dream sale is just a call away! ๐
Download the Full Ocean Isle Beach Residential Market Summary for October 2024
Information is deemed to be reliable, but is not guaranteed. Data may have come from public tax records. ยฉ 2024 MLS and FBS. Prepared by Samantha A Talbott on Monday, November 4, 2024 3:34 PM.
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