Inventory in De Soto is tight in this rolling three-month view, with just 57 active listings and only 1.1 months of supply. Homes are turning over more quickly than a year ago, as median days on market dropped about 22 percent to 25 days. At the same time, contract activity is mixed, with homes sold up more than 22 percent year over year while pending sales are down nearly 30 percent.
Pricing has moved upward over the past year as supply has tightened. The typical home value is up nearly 10 percent year over year, and the median list price is also higher than a year ago, though by a smaller margin. Buyers are still negotiating a bit, with the average sale-to-list ratio just under 99 percent and roughly 38 percent of homes selling above list, slightly below last year’s share.
Looking back over the past couple of years, De Soto has shifted into a stronger seller’s market as inventory thinned and prices climbed from the low- to mid-$100,000s to the low-$200,000s. Fewer new listings are coming on the market compared with a year ago, even as more closed sales work through the system, which helps explain the low months of supply. With conditions varying by price point and neighborhood, Agent Pronto can connect buyers needing guidance and sellers wanting to capitalize on current trends with a local real estate agent who knows this market well.
