The Twinsburg real estate market is currently showing a strong demand for homes in early 2024, as indicated by the low Months Supply of Inventory at 0.89. This means that at the current rate of sales, it would take less than a month to sell all the homes on the market.
The 12-Month Change in Months of Inventory has increased by 5.95%, suggesting that inventory levels have slightly risen over the past year but remain low overall. This may indicate a slight shift towards a more balanced market, but still favors sellers.
Homes in Twinsburg are selling relatively quickly, with a median of only 51 days on the market. This is a positive sign for sellers looking to move their properties quickly.
The List to Sold Price Percentage is high at 98.5%, indicating that homes are generally selling close to their listing price. This suggests that sellers are pricing their homes competitively and buyers are willing to pay close to the asking price.
The Median Sold Price in this market is $315,000, showing that homes are selling at a healthy price point. This may be attractive to both buyers and sellers, as it indicates a stable and potentially profitable market.
Overall, the data suggests a market that is favorable for both buyers and sellers in Twinsburg, with low inventory levels, quick sales, and strong pricing. Buyers may need to act fast to secure a home in this competitive market, while sellers have the opportunity to sell their homes quickly and potentially at a high price. Let me know if you are interested in buying or selling a home in Twinsburg or in any other Cleveland-area market!