Market Trends for Kodak - December 2023

🏡 Attention Buyers and Sellers in Kodak, Tennessee! 🏡

📅 It's December 2023, and I'm Diane Farr, your dedicated REALTOR® from EXIT Realty Of The Smokies. 🌟 Let's dive into the latest market trends to help you make informed decisions in this ever-changing real estate landscape. 💼

📈 Did you know that currently, there is only a 1.61 Months Supply of Inventory in Kodak? 🏢 That means the market is moving quickly, and now could be an excellent time to sell your home or find your dream property. ⏰ 

⬇️ Over the last 12-months, the Months Supply of Inventory has seen a significant decrease of -18.69%. 📉 This indicates a high demand for homes in our area, creating a favorable environment for sellers. 🏡💨

💰 In terms of pricing, the List to Sold Price percentage stands at a remarkable 97.5%. 💯 This means that sellers are obtaining close to their desired asking price, maximizing their return on investment. 💵

⌛️ The median days on market is currently 141, in our local real estate market. 🗓️ Properties are not lingering for long, allowing buyers to find their ideal home quickly. 🏠

💲 Lastly, the median Sold Price in Kodak is $405,000. 💲 This figure represents the middle point of all sold properties, giving you an idea of the current market value in our area. 💰

As your trusted REALTOR®, I am here to guide you through these market trends, providing you with the expertise and insight you need to achieve your real estate goals. 🤝 Whether you're buying or selling, now is an exciting time to make a move in Kodak, Tennessee! 

📲 Contact me today to discuss how we can navigate the market together and turn your real estate dreams into reality. 🌟 Let's make 2024 the year of successful transactions! 💼💫

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