Allenhurst currently leans toward sellers, with the market gauge at 40 out of 100. Months of supply sits around 4.3 in this rolling three-month view, suggesting conditions are not extremely tight but still favor sellers. Median days on market has fallen to 37, indicating homes are moving more quickly than they were earlier.
Home values and listing prices have softened compared with a year ago, with the typical home value down about 8 percent and the median list price down roughly 11 percent year over year. Despite that pullback in prices, the average sale-to-list ratio is near 99 percent, so sellers are still getting very close to their asking price. No homes in the recent period sold above list, a notable contrast to past years when a sizable share closed over asking.
Inventory and activity have both thinned out compared with last year, as active listings are down more than 80 percent and homes sold have dropped by over 60 percent year over year. New listings and pending sales are also much lower than a year ago, which keeps options limited for buyers and helps sustain some leverage for sellers despite softer prices. With these shifting dynamics and small numbers of sales shaping the statistics, both buyers and sellers can benefit from Agent Pronto’s help in finding the right local real estate agent to guide their decisions.
