Inventory and contract activity in Knollwood have pulled back in this rolling three-month view. Active listings are down more than a third compared with a year ago, while homes sold have dropped by about half. Pending sales have also fallen more than 40 percent year over year, pointing to a slower flow of deals.
Pricing, however, is still showing strength despite the softer sales pace. The typical home value is up more than 20 percent from a year ago, even as the median list price is slightly lower than last year, suggesting sellers may be pricing more cautiously while closed-sale values stay elevated.
Conditions on the ground reflect longer marketing times and more options than earlier this year. Median days on market have edged up year over year to about 40 days, and months of supply have more than doubled over the past year to around five months, moving the area toward a more balanced feel even though it is still labeled a seller’s market. At the same time, roughly two-thirds of recent sales closed above list price and the average sale-to-list ratio sits above 108 percent, showing that well-positioned homes can still attract strong offers. Buyers and sellers who want to navigate these mixed signals can turn to Agent Pronto to connect with a local agent who understands Knollwood’s shifting trends.
