The real estate market is currently experiencing a very low Months Supply of Inventory at just 1.1, indicating a high demand for homes in the area. This is further supported by the 12-Month Change in Months of Inventory, which has increased by 11.11%, showing a trend of decreasing inventory levels over the past year.

With a Median Days Homes are On the Market of just 11 days, properties are selling quickly in this market. This fast-paced selling environment is reflected in the List to Sold Price Percentage of 106.6%, indicating that homes are typically selling for above their listed price.

The high demand and quick sales are also reflected in the Median Sold Price of $1,100,000. This shows that buyers are willing to pay a premium for homes in this market due to the limited inventory and competitive selling environment.

Overall, these metrics paint a picture of a strong seller’s market with low inventory levels, high demand, and quick sales. Buyers should be prepared to act swiftly and competitively in order to secure a property, while sellers can expect to see strong offers and quick sales for their homes.