FAIRDALE KENTUCKY - Real Estate Market Update December 2023 - Presented by Totally About Houses

🏡📊 Market Update 📊🏡

Dear Buyers and Sellers,

I hope this post finds you well! As your trusted REALTOR®, Monica Dunlap, I'm excited to bring you the latest market trends update for Fairdale, Kentucky. Let's dive in! 📈

📊 Months Supply of Inventory: Currently, Fairdale has a healthy 2.72 months supply of inventory. And guess what? Over the last 12 months, we've witnessed a remarkable increase of +107.63% in the Months Supply of Inventory. It's a vibrant market! 💪

💲 List to Sold Price Percentage: Sellers, you'll be thrilled to know that the List to Sold Price percentage stands at an impressive 98.5%. This indicates that properties are selling close to their initial listing prices, ensuring a profitable and efficient selling experience. 💰

⌛ Median Days on Market: Buyers, don't wait too long! The median days on market in Fairdale is currently 27 days. This means properties are being snapped up relatively quickly, emphasizing the need for prompt decision-making when your dream home hits the market. 🕒

💰 Median Sold Price: The median sold price in Fairdale is $257,500. This figure reflects the average selling price of homes in the area, providing you with a benchmark to gauge your own buying or selling expectations. 🏠💲

Remember, market trends can fluctuate, and it's always wise to stay informed. Whether you're considering buying or selling, I'm here to guide you through every step of the process, armed with the knowledge and expertise to help you make informed decisions. 🤝

If you have any questions or would like to discuss your real estate goals further, please reach out to me. Let's navigate this dynamic market together! 🌟

Hello everyone, and welcome back to Totally About Houses! I'm your trusted realtor here in Fairdale. Today, I have an exciting market update for all you buyers and sellers out there. So, let's dive right in!

As of November 2023, the real estate market in Fairdale is buzzing with activity. With just two point seventy two months supply of inventory, we're seeing a highly competitive market. This means that if you're a seller, now is a fantastic time to list your property. The demand is high, and with the right strategy, you could potentially secure a fantastic offer.

Now, let's talk about the trend. Over the past 12 months, the Months Supply of Inventory has seen an impressive increase of one hundred seven point sixty three percent. This indicates a thriving real estate market, with more options for buyers to choose from. It's crucial for both buyers and sellers to understand this dynamic when making their next move.

Speaking of making moves, let's discuss the List to Sold Price percentage. Currently, we're seeing a strong performance at 98.5%. This means that on average, sellers are receiving 98.5% of their asking price. It's encouraging to see such a high percentage, and it's a testament to the value of properties in Fairdale.

Time is of the essence in the real estate market, and Fairdale is no exception. The median days on market is 27, indicating that properties are moving quickly. Buyers need to act swiftly when they find their dream home, and sellers can take advantage of this by setting the right price and preparing their property for a timely sale.

Finally, let's talk numbers. The median sold price in Fairdale Kentucky, currently stands at $257,500. This figure gives you a snapshot of the average value of homes in our area. It's essential to keep this in mind when evaluating your own property or looking for your next investment opportunity.

So, whether you're a buyer or a seller, the Fairdale real estate market has something exciting to offer. With a competitive market, high list to sold price percentages, and properties flying off the market in just 27 days, it's an exciting time to be a part of this community.

Thank you for joining me today, and remember, if you're looking to buy or sell in Fairdale, Kentucky, I'm here to guide you every step of the way. Until next time, stay informed and stay excited about the ever-changing world of real estate. Take care!

#FairdaleRealEstate #MarketTrends #MonicaDunlapRealtor #TotallyAboutHouses