Fallon currently leans toward sellers, with the local gauge indicating a seller’s market. Months of supply has risen to 3.8, yet still sits below the level that would favor buyers more strongly. Homes typically spend 49 days on the market in this rolling three-month view, suggesting properties are moving at a moderate pace.
Prices have pushed higher over the past year, with the typical home value up roughly 16 percent compared with the same period last year. At the same time, the share of homes selling above list price has edged down to about 11 percent, and the average sale-to-list ratio sits just under 99 percent, pointing to more measured bidding than in past peaks.
Buyer activity has cooled year over year, as homes sold, new listings, and pending sales are all down more than 15 to 25 percent, while active listings have also declined compared with last year. Even with fewer new listings coming on the market, the increase in months of supply and slightly shorter market times versus a year ago show that conditions have eased a bit from the tightest periods. Whether you are a buyer trying to navigate these shifting dynamics or a seller aiming to price correctly in a still seller-leaning market, Agent Pronto can connect you with an experienced local agent to guide your next move.
