As potential buyers and sellers in the real estate market, I am here to provide you with an insightful analysis of some crucial metrics that can help guide your decision-making process. These metrics include the Months Supply of Inventory, the 12-Month Change in Months of Inventory, the Median Days Homes are on the Market, the List to Sold Price Percentage, and the Median Sold Price.

Firstly, let's delve into the Months Supply of Inventory, which currently stands at 2.68. This metric represents the number of months it would take to sell the existing inventory of homes on the market if no new listings were added. A lower value indicates a seller's market, where the demand for homes outpaces the supply. With a supply of just 2.68 months, it suggests a competitive market, favoring sellers. Buyers should be prepared to act swiftly and decisively when the right property becomes available.

Now, let's shift our attention to the 12-Month Change in Months of Inventory, which shows a significant increase of 53.14%. This statistic indicates a notable shift in the balance between supply and demand in the real estate market. Such a substantial increase in the number of months it would take to sell the existing inventory suggests an increase in supply or a decrease in demand. Sellers may find themselves facing more competition, while buyers may have more options to choose from and potentially more bargaining power.

Moving on, we come to the Median Days Homes are on the Market, which currently stands at 22 days. This metric measures the average number of days it takes for homes to sell in the market. With a relatively low median of 22 days, it signifies a fast-paced market where properties are being snatched up quickly. Sellers can anticipate a relatively swift sale, while buyers should be prepared to act promptly to secure their desired property.

Next, we have the List to Sold Price Percentage, which stands impressively at 98.7%. This metric indicates the percentage of the listed price that sellers typically receive when their homes are sold. A higher percentage suggests that sellers can expect to receive offers close to their asking price, indicating a strong market with buyers willing to meet the seller's expectations. However, buyers should still exercise due diligence in negotiations to ensure they are making a fair and reasonable offer.

For Single Family Homes, we have the "Median Sold Price," which currently stands at an impressive $1,110,000. This metric represents the middle price point of all the homes sold in a given period. It indicates the overall market value for homes in the area. Sellers can use this figure as a benchmark to determine a realistic listing price, while buyers can assess whether the market aligns with their budget.

For Condo/Townhouse, we have the "Median Sold Price," which currently sits at $420,000. This metric represents the middle point of all the home prices sold in a given period. It provides buyers and sellers with an idea of the average price range in the market. It's important to note that this is just a median value, and actual prices may vary based on various factors such as location, property condition, and amenities.

In conclusion, these real estate metrics provide valuable insights into the current market conditions for both buyers and sellers. While the Months Supply of Inventory and the 12-Month Change in Months of Inventory indicate a shifting market, the Median Days Homes are on the Market and the List to Sold Price Percentage highlight the speed and competitiveness of the market. Lastly, the Median Sold Price gives us an indication of the average price range in which buyers and sellers may find themselves operating. By staying informed and considering these metrics, you can make more informed decisions in the real estate arena.