Inventory in McCoole has shifted noticeably in the latest rolling three-month view, with just 3 active listings but months of supply soaring to 6.4, up sharply from about 1.5 a year earlier. Buyer activity has slowed, as homes sold dropped by roughly half year over year, while new listings more than doubled, signaling that properties are staying on the market longer relative to demand.
Pricing has reacted strongly to these changing conditions, with the typical home value over the rolling three months up nearly 75 percent from a year ago to about $210,000. At the same time, the median list price is only modestly higher year over year, suggesting that final sale prices have climbed faster than initial asking prices.
Another sign of pricing strength is that 100 percent of recent sales closed above list price, and the average sale-to-list ratio edged just over 100 percent, both markedly higher than a year ago. Even with median days on market dropping to about 38 days from roughly 100 days a year earlier, the higher months of supply and lower closed sales highlight a more nuanced environment where conditions can vary by property, and Agent Pronto can help both buyers and sellers connect with an agent who understands these dynamics.
