Inventory in Meridian has tightened over the past year in this rolling three-month view. Active listings are down more than 14 percent year over year, and new listings have fallen about 26 percent. Even with fewer fresh listings, homes sold and pending sales are each running roughly 20 to 31 percent below last year, indicating slower overall transaction volume.
Contract flow is also stretching out, with the median days on market rising to about 63 days, up roughly a third from a year ago. Months of supply has increased sharply to around 3.8 months, more than doubling year over year and easing some of the intense pressure seen in previous periods.
Prices are adjusting to these conditions, with the typical home value down slightly, about 2 percent lower than a year ago in this rolling window, and list prices also edging down from last year. At the same time, the average sale-to-list ratio has inched up to just under 99 percent, and the share of homes selling above asking has more than doubled compared with a year ago, though it still represents less than a fifth of sales. These mixed signals point to a market where strategic pricing and negotiation matter for both sides, and Agent Pronto can connect buyers and sellers with an agent who understands the latest trends in Meridian.
