Recent rolling three-month data for the College Cultural Neighborhood shows some sharp month-over-month shifts. Median list prices fell notably over the period, while active listings, homes sold, and pending sales all jumped from the prior three months, pointing to more movement at lower asking prices.
Compared with a year ago, sale prices in the neighborhood are down, with the typical home value off by about the mid-teens in percentage terms. Fewer homes are being listed and sold than this time last year. Inventory has also thinned out sharply.
Even with those declines, conditions still lean toward sellers. Months of supply sits at just 1.6, far tighter than Flint overall at 3.9 months, and more than 40 percent of recent sales closed above list price with an average sale-to-list ratio just over 100 percent. Median days on market over the latest period is 12, much slower than a few months ago but still relatively brisk in a longer-term context. Whether you are a buyer trying to navigate limited options or a seller aiming to price correctly in this shifting environment, Agent Pronto can connect you with an agent who understands the College Cultural Neighborhood numbers in detail.
