August-2024 Home Sales Trends in Putnam County, Florida

County-Wide Sales Metrics

Putnam

The real estate market is currently experiencing a healthy balance between supply and demand, with a Months Supply of Inventory of 5.23. This metric indicates that it would take approximately 5.23 months to sell all the current inventory of homes on the market if no new listings were added.

The 12-Month Change in Months of Inventory has increased by +41.73%, suggesting a slight increase in the number of homes available for sale compared to the previous year. This could potentially give buyers more options to choose from and may lead to a more competitive market.

Despite the increase in inventory, homes are still selling relatively quickly, with a Median Days Homes are On the Market of 51. This indicates that there is still strong demand for homes in the market, and sellers should be prepared to act quickly when listing their properties.

The List to Sold Price Percentage of 96.9% indicates that homes are typically selling very close to their asking price. This suggests that sellers are pricing their homes competitively and buyers are willing to pay close to the listed price for desirable properties.

The Median Sold Price of $234,000 shows that the market is still affordable for buyers, while also providing sellers with the potential to earn a good return on their investment.

866-RE-KINGZ

Overall, the current real estate market presents opportunities for both buyers and sellers. Buyers can take advantage of a healthy inventory of homes and competitive pricing, while sellers can benefit from strong demand and the potential for quick sales at or near their asking price.

Looking to buy or sell a Home in Florida? Call Brian to help!

Want to dig a bit deeper into Real Estate Market trends


Subscribe to receive zip-code researched Real Estate Market Trends every month! Stay informed!

Relationships

By

Brian Rice

Brian is the owner and managing Broker at Real Estate Kingz LLC, a Florida licensed Real Estate Brokerage. You can contact Brian at 866-735-4649 (866-Re-Kingz) or visit BrianRiceRealtor.com

866-RE-KINGZ
Please follow and like us:
Scroll to Top