The real estate market is currently experiencing a low inventory situation, with the Months Supply of Inventory at 3.45. This means that there are fewer homes available for buyers to choose from, leading to increased competition and potentially higher prices. However, there has been a significant decrease in the Months of Inventory over the past year, with a 12-Month Change of -13.53%. This indicates a trend towards a more balanced market, as inventory levels are decreasing and demand remains strong. The Median Days Homes are On the Market is relatively low at 29 days, showing that homes are selling quickly once they are listed. This is likely due to the limited inventory and high demand in the current market. The List to Sold Price Percentage is 103.1%, indicating that homes are selling for above their list price on average. This can be attributed to the competitive market conditions and high buyer demand. Lastly, the Median Sold Price is $1,951,549, reflecting the higher prices that sellers are able to command in the current market. Overall, these metrics suggest a competitive market with limited inventory, strong demand, and rising prices, making it a favorable environment for sellers but potentially challenging for buyers. | 
