The Johnson Ranch Real Estate Market Report for December 2024

As the calendar has turned to 2025, we take inventory of what went well, what didn't work and sketch out new goals and priorities to enrich our lives. 

2024 provided our small team at Those Guys Real Estate the privilege of serving some incredible people. Understanding where you are on your journey helps our team meet you where YOU are and then individualize a plan to make YOUR vision become a reality. 

This year we were able to help 4 sets of grandparents relocate closer to their children, 6 empty nesters downsizing into something more manageable, 3 relocations from snowy regions, and so many first-time homebuyers! What a blessing it has been to celebrate these milestones in the lives of our clients.

Here in Johnson Ranch, we've slowly transitioned toward a market that is more buyer-friendly. A trend that began mid-2024 and crept along through the end of the year. Although we consider the market to be "balanced", it just feels a bit different than it has in the past several years.

As a seller, it's important to understand the correlation between these key real estate metrics to make informed decisions about pricing and marketing your property.

Months Supply of Inventory

The Months Supply of Inventory is currently at 5.56, which indicates how long it would take for all the current homes on the market to sell at the current pace of sales. A lower number typically signifies a seller's market, while a higher number suggests a buyer's market. 

The 12-Month Change in Months of Inventory has increased by +115.5%, showing that the market has shifted towards more inventory, which could potentially lead to a longer time on the market for sellers.

Median Days on Market

The Median Days Homes are On the Market is 49, indicating the average amount of time it takes for a home to sell. This number can be influenced by various factors such as pricing, location, and market conditions.

List to Sold Price Percentage

The List to Sold Price Percentage is at 99.2%, showing that homes are typically selling very close to their listing price. This can give sellers confidence in their pricing strategy and negotiation skills. 

Median Sold Price

Lastly, the Median Sold Price is $395,000, providing sellers with a benchmark for pricing their own property in line with current market trends.

Johnson Ranch Real Estate Market Summary

Overall, these metrics suggest that there is a balanced real estate market with a moderate level of inventory and strong list-to-sold price percentages. Sellers should consider these factors when pricing and marketing their homes to attract potential buyers and achieve a successful sale.

Want to know more about Johnson Ranch? Check out the Johnson Ranch Community Page here!

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