Three numbers every current (or future) homeowner must know

Three numbers every current (or future) homeowner must know

Written by Ryan Hardin Posted On Tuesday, 27 June 2017 15:14

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Your Local Market Experts

Even if moving isn't in your immediate game plan, every homeowner should know the state of the local real estate market. And, if you're considering buying, selling or investing in the future, it's even more important to understand certain economic conditions and how they might impact your decision.

This boils down to knowing the following three factors about your local market:

1. The median home price

Instead of the average home price, the median offers a better representation of the market, giving you the middle price for all homes in your area.

2. The local days on market

The average number of days a home in your area stays on the market gives you an idea of how quickly a home might sell.

3. The months supply of inventory

Knowing how many homes are available for purchase offers a picture into the current market climate.

Our comprehensive market analysis includes these three numbers, along with additional calculations, so together we can determine the state of the market and the true value of your home or the one you buy next.

When you're ready to buy, sell or invest in real estate, you need trusted local experts. Call us today to arrange a personalized consultation

Ryan Hardin REALTOR®/BROKER SRES

Keller Williams Realty Integrity NW
BROKER
763.441.2248
612.860.6177

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Copyright 2017 Keller Williams® Realty, Inc. If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.

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Ryan Hardin

Partners Real Estate MN welcomes you to our comprehensive full service real estate firm. Whether you are looking to Buy, Sell or Lease Residential or Commercial Real Estate in Minnesota, we are always here to help. Feel free to contact Partners Real Estate MN directly at 612-356-2002.

If you are looking for Commercial Real Estate in Minnesota please view our Commercial Real Estate webpage at HardinCompanies.com

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For buyers there is detailed area and neighborhood information and a great listing search page. For sellers we provide information and great Multiple Listing Search page data to help you to ready your home for market and to list it with a Partner so it sells.

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