If you're considering selling your home in Nottingham Country, now is a favorable time to act. The months of inventory have dipped to just 1.7 months, meaning homes are in demand, and sellers have the advantage. This low inventory highlights a competitive market where available homes are likely to attract more interest from buyers, positioning sellers favorably.
The increased demand has likely contributed to a rise in property values, as shown by the 5.9% increase in the average price per square foot over the past year. For homeowners, this means that your property has likely built a solid amount of equity, which can be an asset if you’re planning to move or reinvest.
Properties are spending an average of 42 days on the market as of October 2024, reflecting a steady pace at which homes are being sold. This shorter timeline offers sellers a quicker sales process, helping you to move forward with your plans with minimal delay.
If you’re ready to take advantage of these market conditions, contact us today to explore the next steps in listing your home.
| Price Boxes | Sold | Average list price | Average sold price | Sold price to list price ratio | Ave days on the market |
|---|---|---|---|---|---|
| Under $300,000 | 6 | $151.98 | $147.93 | 97% | 10 |
| $300,000-$399,000 | 21 | $164.65 | $161.16 | 98% | 35 |
| $400,000-$499,000 | 36 | $162.25 | $159.20 | 98% | 35 |
| $500,000-$599,000 | 15 | $162.88 | $162.39 | 100% | 17 |
| $600,000 & Above | 6 | $169 | $165.71 | 98% | 24 |
