Inventory in Shoreview has ticked up, with about 141 active listings in this rolling three-month period, roughly flat compared with a year ago. New listings are slightly lower than last year, and homes sold are down more noticeably, pointing to softer overall turnover. Even with that slowdown, supply is still tight at around 1.8 months, consistent with Seller's Market conditions.
Contract activity shows a mixed picture. Pending sales have eased year over year, yet a large share of homes is still moving quickly, with nearly 65 percent going off the market within two weeks and a typical market time of just 21 days.
Pricing has adjusted from earlier highs, as the typical home value in this three-month window is down about 9 percent compared with last year, even while the median list price is slightly higher. Sellers are receiving close to asking price on average, with a sale-to-list ratio just under 100 percent, but the share of homes closing above list has slipped from a year ago. These trends suggest buyers may have a bit more leverage on price than in past seasons, while sellers still benefit from solid demand and low inventory. Whether you are buying or selling in Shoreview, Agent Pronto can connect you with an agent who understands these dynamics and can guide you through your next move.
