Inventory in Wildewood has tightened in this rolling three-month period, with active listings down slightly year over year and sitting at 88 homes. Contract activity has cooled a bit, as pending sales are down compared with last year while closed sales are up more than 70 percent. New listings have fallen sharply from a year ago, which helps explain why the market gauge still points to a seller’s market.
Pricing has been adjusting to these mixed signals. The typical home value over the latest three months is slightly lower than a year ago, and the median list price shows a modest year-over-year decline as well. Even with that softening, sellers are still holding some leverage, with an average sale-to-list ratio just above 101 percent and around a quarter of homes selling above asking price.
Homes are taking about a month to go under contract, with the median days on market hovering in the low 30s, only a touch faster than last year. Months of supply is near 1.2, which is well below what’s considered balanced and reflects limited options for buyers despite the recent increase from early summer. Nearly half of listings are off the market within two weeks, signaling that well-priced homes can still move quickly. In this kind of low-supply, price-sensitive environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent who knows how to navigate Wildewood’s trends.
