Elk River is moving towards a buyers market
By Joel Friday, Make sure your home is "SOLD by Friday!"
(Keller Williams Classic Realty)
Elk River is moving towards a buyers marketCheck out our current inventory in the Elk River areaHey there, buyers! Let's dive into some key real estate metrics to help you better understand the current market conditions.First off, we have the Months Supply of Inventory sitting at 2.68. This number tells us how long it would take for all the current listings to sell at the current pace of sales. A lower number typically indicates a seller's market, where demand is high and supply is low.Now, looking at the 12-Month Change in Months of Inventory, we see a significant increase of 17.03%. This uptick suggests that inventory levels are on the rise, which could potentially give buyers more options to choose from in the near future.Next up, we have the Median Days Homes are On the Market at 22...
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