The Johnson Ranch Real Estate Market Report for January, 2025

I hope that 2025 is off to a wonderful start. If one of your goals happens to involve real estate, we should chat.

Here in Johnson Ranch, we continue the pedestrian march toward a buyers market. This trend has enveloped our community since the middle of last year and continued on in January.

If you intend to sell in this market, the information contained here and a quick chat with me would go a long way to making sure you make the right decisions prior to any move.

Months Supply of Inventory

The Months Supply of Inventory is currently at 5.9, 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 month over month change was less than 1%. We are seeing as many new homes hit the market as sell in a given month. 

Median Days on Market

The Median Days Homes are On the Market has jumped to 80! This number can be influenced by various factors; however, it always comes down to pricing. Homes priced well will sell and those that aren't...sit.

 

List to Sold Price Percentage

The List to Sold Price Percentage is at 97.9%, showing that homes are typically selling very close to their listing price. This number is starting to see the effects of the market as it's month over month drop is an indicator that Sellers are willing to give a little to get a sale.

 

Median Sold Price

Lastly, the Median Sold Price stayed flat at $395,000. Buyer Markets as well as Balanced Markets tend to put downward pressure on sales prices.

 

Johnson Ranch Real Estate Market Summary

Overall, these information here shows we are currenlty in a balanced real estate market. Buyers will find more options, possible concession and reasonable pricing while Sellers will find that the path from listing to closing is a longer road to travel.

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

 

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