As first-time homebuyers, it is essential to understand the correlation between various real estate metrics to make informed decisions when entering the housing market.

The Months Supply of Inventory, which currently stands at 5.91, indicates the number of months it would take to sell all the homes on the market based on the current pace of sales. A lower number suggests a seller's market with high demand and limited supply, leading to increased competition among buyers.

The 12-Month Change in Months of Inventory at -86.43% signifies a significant decrease in the supply of homes compared to the previous year. This may result from a surge in demand or a decrease in the number of homes available for sale, potentially driving up prices.

The Median Days Homes are On the Market, which is 13, represents the average number of days it takes for a home to sell. A lower number suggests a fast-paced market with homes selling quickly, indicating strong buyer interest and competitive bidding.

The List to Sold Price Percentage of 96.9% reveals that homes are typically selling close to their listing price. This suggests that sellers are pricing their homes accurately and that buyers may need to act quickly and offer competitive bids to secure a property.

Lastly, the Median Sold Price of $399,000 reflects the middle price point of homes sold in the market. This metric can help first-time homebuyers gauge the affordability of properties in the area and make informed decisions based on their budget and financial capabilities.