What’s happening
– Supply: Jefferson County has a 3.33-month supply of inventory, with a 19.78% increase MoM and 60.87% YoY.
– Price: The median sold price is $372,400, experiencing a 4.51% MoM decrease.
– Days: Median days in RPR for sold listings is 26, a 31.58% reduction MoM.
Why it matters
– Market timing coordination: With a rising inventory and shorter median days in RPR, timing is crucial for simultaneous transactions.
– Inventory trends: Understanding active and new listings can help coordinate buying and selling strategies effectively.
Now what
1. Monitor Inventory Trends: Keep a close eye on the increasing supply and adjust your buying and selling timelines accordingly.
2. Evaluate Pricing Strategies: Consider the current decrease in median sold prices when setting your list price.
3. Prepare for Quick Decisions: With reduced days on market, be ready to make swift buying and selling decisions.
Jefferson County is home to beautiful parks, such as Aztalan State Park, and a vibrant downtown with ample cultural attractions. To navigate the Jefferson County market with confidence, connect with Rachael Kolbeck of CENTURY 21 Integrity Group at raekolbeck@gmail.com.