Inventory in Santa Venetia has been rising in this rolling three-month view, with active listings up more than 12 percent year over year and sitting around 20 homes. New listings have expanded even faster, climbing about 65 percent from a year ago, which gives buyers more options to consider. Even with more homes on the market, contracts are holding steady, as pending sales are up roughly 12 percent year over year.
Homes are changing hands more quickly than they did a year ago, with the median time on market dropping to about 17 days, a decline of roughly 46 percent. Months of supply has more than doubled year over year to about 2.9 months, signaling that while conditions still lean toward sellers, buyers have somewhat more breathing room than before.
Pricing has been firm overall, with the typical home value up about 12 percent compared with a year ago, even as the median list price has fallen sharply over that same period. At the same time, sellers are capturing strong outcomes, as about 70 percent of recent sales closed above the list price and the average sale-to-list ratio is just over 105 percent, both well above last year. In this kind of fast-moving but evolving market, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who knows how to navigate Santa Venetia’s trends.
