Calpella currently leans toward sellers, with the market gauge indicating a seller’s market even as conditions cool. Months of supply has doubled year over year to about 6.4 months, pointing to more options for buyers than in the past. Typical home values in the rolling three-month view are down sharply from a year ago, falling more than 80 percent to around $110,000.
Pricing trends show a wide gap between what sellers are asking and what buyers are paying. The median list price over the latest rolling three months is just under $520,000, down nearly 30 percent from last year, while the average sale-to-list ratio has climbed almost 14 percent year over year to about 96 percent, suggesting buyers and sellers are finding more common ground. No homes have sold above list price in this period, highlighting a more cautious bidding environment.
Activity levels remain modest, with just one home sold and one pending sale in the recent three-month stretch, and new listings up more than 50 percent compared with a year earlier. Homes are taking far longer to sell, with the median days on market soaring to roughly 986 days, a dramatic jump from last year’s pace. With these mixed signals in Calpella’s market, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands the nuances of this area.
