Inventory in Dakota Ridge has expanded over the past year on a rolling three-month basis, with months of supply rising to 4.1, up sharply from both last quarter and a year ago. Contract activity has slowed in comparison with last year, as homes sold and pending sales are both down double digits year over year, even though active listings have slipped slightly.
Pricing has been relatively steady in this environment, with the typical home value edging up about 2 percent year over year to roughly $607,000. Sellers are still achieving near-full prices, as the average sale-to-list ratio is just under 100 percent and about one in three homes is closing above the asking price, a share that has climbed notably from last year.
Time on market highlights that well-positioned homes can still move quickly, since the median days on market has shortened to around two weeks compared with about a month a year ago. With more supply, fewer closings, and firm prices, conditions can feel nuanced for both buyers and sellers, and Agent Pronto can connect buyers and sellers with an agent who understands how to navigate this evolving Dakota Ridge market.
