Black Forest currently leans toward sellers, with the market gauge signaling a seller’s market. Homes are taking a bit of time to move, with a median of 63 days on the market in this rolling three-month view. Inventory is relatively high at about 8 months of supply, which is much higher than a year ago and suggests buyers have more options than they did last year.
Prices are still trending upward over the longer term, even with some recent softening. The typical home value over the latest three-month period is up around 8 percent compared with a year earlier, while the median list price is also higher year over year. At the same time, activity has cooled, with homes sold down notably from last year and new listings also lower, pointing to a slower pace of transactions.
Other indicators show negotiation power shifting somewhat toward buyers. Only a small share of homes, under 4 percent, sold above list price in the latest period, and that share has fallen sharply from earlier in the year. Yet sellers are still achieving close to asking, with the average sale-to-list ratio near 98 percent and pending sales slightly higher than a year ago. In a market with mixed signals like this, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands current conditions in Black Forest.
