Inventory in Highland has thinned noticeably in this rolling three-month view, with active listings down compared with early summer but slightly above last year. Homes sold and new listings have both declined year over year, signaling slower contract flow and fewer choices for buyers. Pending sales are also sharply lower than a year ago, underscoring a cooler pace of deals getting under contract.
Prices are adjusting alongside this softer activity. The typical home value over the latest three months is down nearly 19 percent from a year earlier, and the median list price has fallen about 14 percent year over year, reflecting more tempered seller expectations.
Even with slower demand, homes are not languishing, spending a median of 10 days on the market in the latest period, though that is longer than last year’s very rapid pace. Months of supply has almost doubled year over year to 4.3 months, giving buyers a bit more leverage, yet about two-thirds of recent sales still closed above list price and the average sale-to-list ratio sits just over 101 percent. With Highland showing elements of both a cooling and still-firm market, Agent Pronto can connect buyers seeking value and sellers aiming to price strategically with an agent who understands these shifting conditions.
