Inventory in Three Rivers is moderate, with about 70 active listings in the latest rolling three-month period, slightly below a year ago. New listings are down more than 15 percent year over year, even as homes sold have slipped only modestly, so buyers are working with a tighter flow of options. Pending sales are also down compared with last year, suggesting some cooling in overall deal volume.
Prices are showing upward pressure despite the softer listing activity. The typical home value is up nearly 8 percent year over year, while the median list price has climbed about 11 percent over the same period, indicating sellers are testing higher price points in this environment.
Market speed has shifted noticeably, with the median days on market at 15, down slightly from a year ago but far faster than just a few months earlier. Months of supply sits at 3.1, similar to last year, supporting the current seller’s market reading even as only about 12 percent of homes are selling above list, down sharply from a year ago. The average sale-to-list ratio has edged lower year over year, showing buyers have regained some negotiating room. With these mixed signals in pricing, inventory, and pace, both buyers and sellers can benefit from Agent Pronto’s help in connecting with a Three Rivers agent who understands the latest trends.
