The Market Is Shifting — Here’s What the Numbers Actually Say

If you’ve been hearing mixed messages about the housing market lately, you’re not alone. Some headlines say the market is slowing, others say prices are still rising. So what’s really happening?

When we look at the latest local market data, the answer is clear: the market isn’t crashing — it’s normalizing.

Inventory is gradually increasing, giving buyers more choices than they had a year ago. Active listings are up about 10%, and months of inventory has grown by nearly 15%. That means buyers can take a breath, compare homes, and negotiate again — something we haven’t seen much of in recent years.

At the same time, prices are holding strong. The median sales price of closed homes is up over 12% year-over-year, and homes are still selling very close to list price. That tells us demand is still there — buyers are just being more intentional.

What has changed is speed. Homes are taking longer to sell, with average days on market up about 14%. This is no longer a “throw it on the market and name your price” environment. Sellers who succeed today are the ones who price correctly, prepare their homes properly, and lean into strong marketing.

Sales volume is slightly lower than last year, but that doesn’t signal weakness. It reflects cautious buyers navigating interest rates and affordability — not a loss of value.

So what does this mean for you?

If you’re a buyer, this is one of the healthiest markets we’ve seen in years. You have options, negotiating power, and time to make smart decisions — without chasing every listing.

If you’re a seller, your home can absolutely sell for top dollar — but strategy matters more than ever. Pricing, presentation, and timing are everything. Plan accordingly by determining what your home's worth!

This market rewards good decisions, not rushed ones. And with the right guidance, both buyers and sellers can still win.

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