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🎉 In this video, I'm diving into the latest market trends for May 2024. If you love analyzing data to make informed decisions, this update is for you. Let's explore how the real estate market is shaping up and what it means for buyers and sellers alike.
🔔 Stay tuned to discover the surprising shifts in median sales prices and what they mean for your next real estate move!
📊Don't miss my detailed analysis on the months of supply of inventory - a crucial metric for making smart buying decisions in today's market.
Significant Increase in Median Sales Price: The median sales price saw a notable jump, influenced by high-value home sales. However, the overall market appreciation remains modest at 1.9% year-over-year.
List-to-Sale Price Ratio Insights: While sellers are getting closer to their asking prices compared to last month, the ratio is still lower than last year, indicating a shift in buyer behavior and market dynamics.
Inventory Trends: Months of supply of inventory is on the rise, meaning more homes are available, and properties are staying on the market longer. This is a positive sign for buyers looking for more options and less competition.
New Listings Highlight: Check out our new listings at 167 Brick Church and 1540 Bartlett Hill in Cambridge. Unique properties like these often require the right buyer, and creative marketing is key to attracting interest.
Buyer Opportunities: With market dynamics changing, now could be a perfect time for buyers to enter the market. Increased inventory and slightly reduced buyer demand create an ideal environment for finding your dream home.
📅 Want to know the best time to buy or sell in your area? Have questions about market trends? I'm here to help!
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#RealEstateUpdate #MarketTrends #RealEstateTips #HomeBuying #HomeSelling #JulieDanaher #RealEstateAccelerator #PropertyMarket #HousingMarket #May2024RealEstate
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JULIE DANAHER
Your decision making real estate coach
Making YOUR Vision a Reality
I am a native Vermonter and have lived in just about every town in Chittenden County. I am from Winooski, and I currently live in South Burlington with my family. I love VT and extremely appreciate the beauty I've been able to see from traveling around the state, as a Real Estate Agent - one of the many perks of the job.
I am a UVM graduate with a major in community development and applied economics, which drives my passion for numbers along with my design and problem solving skills.
I worked in retail for 20 years until I decided I wanted to make a bigger impact on the lives of others. For the last 6 years, I have been a Real Estate Agent that is tenacious and motivated to help others.
#JulieDanaher #realestatejulie #livinginvermont #livinginvt #catalyst #buying #selling #ChittendenCountyRealEstate #VermontHomes #BTVRealEstate #ChamplainValleyHomes #VermontRealtor #VermontProperties #BurlingtonHomes #VermontHomebuyers #RealEstateVT #ChittendenCountyRealtor #ChamplainValleyRealEstate #VTRealEstate