Year-over-year, Villa Ridge’s rolling three-month data shows notable price and inventory shifts, with typical home values down sharply while asking prices moved higher. The typical home value fell more than 30 percent from a year ago, yet the median list price is up by roughly a third, pointing to a gap between what sellers hope to get and what buyers are paying.
Looking at activity, homes sold over the latest three-month period increased more than 20 percent compared with last year, even as pending sales dropped nearly 70 percent. New listings also rose a bit year-over-year, but active listings are down almost 30 percent, suggesting that many homes are cycling off the market despite fewer properties sitting available at any given time.
Conditions on the ground show a fast-moving, seller-leaning environment, with just 1.6 months of supply and a median of 32 days on market, down about 70 percent from last year. Roughly one-third of recent sales closed above the asking price and the average sale-to-list ratio is just under 97 percent, indicating buyers still need to write strong offers while sellers must price carefully to align with actual values. Buyers and sellers who want to navigate these mixed signals can turn to Agent Pronto to connect with a Villa Ridge agent who understands the numbers and the negotiations behind them.
