Leonard’s rolling three-month numbers show notable shifts compared with a year ago. Typical home values are up sharply, with the median sale price rising nearly 38 percent year over year. At the same time, the median list price has climbed even faster, jumping about 61 percent.
Looking at current conditions, homes are typically valued around $304,918, while the median list price sits higher at about $441,121, suggesting sellers are testing the upper end of the market. Inventory is limited, with only six active listings and about 2.1 months of supply, which aligns with Leonard’s designation as a seller’s market. Even with higher prices, demand is evident, as homes are staying on the market a median of 75 days and roughly a third of recent sales closed above the asking price.
Activity levels are modest but rising compared with last year, with three homes sold and three pending over the latest three-month period, both up more than 50 percent year over year. New listings, however, have slipped compared with a year ago, which can keep conditions tight for shoppers. With prices moving up and inventory still lean, buyers and sellers in Leonard can both benefit from having an experienced local agent, and Agent Pronto can connect each of them with the right professional to navigate this evolving market.
