Union City, CA – Dynamic Real Estate Market: High Demand, Quick Sales, and Competitive Pricing

Scale-Union-City-022024

Union City, CA – The real estate market is currently showing strong indicators for both buyers and sellers. 📊 The Months Supply of Inventory is at an impressively low 0.23, indicating a high demand for properties and a limited number of homes available for sale. 🔍 This low inventory level is further emphasized by the 12-Month Change in Months of Inventory, which has decreased by 47.73% compared to the previous year.

💼 Sellers can take advantage of these favorable market conditions, with homes spending a median of just 8 days on the market before being sold. 📈 Additionally, the List to Sold Price Percentage is at 107.6%, meaning that on average, homes are selling for over the listing price, demonstrating a competitive market and strong buyer interest.

🔑 Buyers should be prepared to act quickly and potentially offer above asking price in order to secure a property in this competitive market. 💰 The Median Sold Price is at $1,465,000, indicating a high price point for homes in the area.

🌟 Overall, the current real estate metrics point to a market that is favorable for both buyers and sellers, with low inventory levels, quick sales, and strong demand leading to competitive pricing and high list to sold price percentages. 🏡 Buyers and sellers alike should be prepared to act swiftly and strategically in order to navigate this dynamic market.

 

Links and Resources:

Add a Comment

Your email address will not be published. Required fields are marked *

Add a Comment

Your email address will not be published. Required fields are marked *

URL has been copied successfully!
close

Enjoy this blog? Please spread the word :)

URL has been copied successfully!
URL has been copied successfully!