Inventory in Shorewood has expanded in this rolling three-month view, with active listings up nearly 55 percent year over year to 180. New listings have also surged more than 56 percent from a year ago, even though they’ve pulled back somewhat from the prior three-month period. Contracts are moving briskly, with homes sold up about 46 percent year over year and pending sales jumping more than 78 percent, signaling strong demand alongside the larger supply.
Pricing has been rising in response to this higher level of activity. The typical home value over the latest three-month period is up about 16 percent compared with a year earlier, while the median list price is nearly 14 percent higher year over year. Despite that upward pressure, buyers are seeing slightly more negotiating room than last year, with the share of homes selling above list dipping to roughly 27 percent and the average sale-to-list ratio holding just under 100 percent.
Conditions are still tilted toward sellers, but balance is shifting as inventory builds. Months of supply has climbed to 3.3, almost 59 percent higher than a year ago, and homes are taking a bit longer to sell, with median days on market edging up to 55. Even with these changes, more than a third of homes still go off the market within two weeks, showing that well-priced properties move quickly. Whether comparing offers as a seller or navigating options as a buyer, Agent Pronto can connect you with a Shorewood agent who understands these shifting dynamics.
