Hello Buyers and Sellers, today we are going to take a closer look at some fundamental real estate metrics that are crucial to understanding the current state of the market in Shawnee, Oklahoma. By the end of this analysis, you will have a better understanding of how these metrics are interconnected and how they can impact your buying or selling experience.

First, let's take a look at the months supply of inventory, which currently stands at 1.85. This metric represents the number of months it would take for all the homes on the market to sell, given the current pace of sales. A lower number indicates a seller's market, while a higher number indicates a buyer's market. In this case, 1.85 suggests that it is currently a seller's market.

However, when we look at the 12-month change in months of inventory, we see that it has increased by 63.72%. This means that the market is becoming more balanced, as there are more homes available for sale than there were a year ago. This also means that buyers now have more options to choose from, which could potentially lead to a decrease in prices.

The median days homes are on the market is 14, which is a relatively short amount of time. This suggests that homes are selling quickly, which is good news for sellers. However, it is important to note that this could also mean that buyers need to act fast if they want to secure the home of their dreams.

The list to sold price percentage is 100%, which indicates that homes are selling for their full asking price. This is great news for sellers, as it means that they are getting their desired price for their property.

Finally, the median sold price is $247,834. This is an important metric for both buyers and sellers, as it gives an indication of the current market value of homes in the area. For sellers, it shows the potential value they could get for their home. For buyers, it shows what they can expect to pay for a home in the current market.

In conclusion, these real estate metrics are all interconnected and provide valuable insights into the current state of the market. As a buyer or seller, understanding these metrics can help you make informed decisions and navigate the market with confidence.