Explore the latest trends in Henderson's real estate market and discover what they mean for you as a

Explore the latest trends in Henderson's real estate market and discover what they mean for you as a buyer or seller:

* **Median Sale Price:** $485,500, a slight decrease of 1.6% MoM and 1.9% YoY. This dip offers buyers a more affordable entry point into the market, while sellers may need to adjust expectations to stay competitive. 💰

* **Median List Price:** $504,999, down 3.8% MoM and 1.9% YoY. Sellers, consider pricing strategies to attract buyers in a cooling market. Buyers, this could be your chance to negotiate better deals. 🏠

* **Homes Sold:** 479, a significant decrease of 15.9% MoM and 19.2% YoY. This drop indicates a slower market, giving buyers more options and time to make decisions. Sellers, it's crucial to enhance your property's appeal to stand out. 📉

* **Inventory:** 2,018 homes, up 23.1% YoY. The increased inventory means more choices for buyers, but sellers need to be strategic to capture attention in a crowded market. 📊

* **Months of Supply:** 4.2 months, up 1.4 YoY. This indicates a shift towards a buyer's market, where buyers have more negotiating power. Sellers should be prepared for longer selling times. ⏳

* **Median Days on Market:** 58 days, up 17 YoY. Homes are taking longer to sell, emphasizing the importance of competitive pricing and marketing for sellers. Buyers can take advantage of this by negotiating terms. 🕒

Whether you're buying or selling, understanding these trends can help you make informed decisions in Henderson's evolving real estate landscape. [Data Source: Redfin]

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