Inventory in Allenhurst is tight in terms of listings but high relative to sales activity. There are just 6 active listings in this rolling three-month view, down about a quarter from a year ago, yet months of supply has surged to roughly 15.9, up sharply year over year. New listings have also fallen by nearly 40% compared with last year, and pending sales are down about half, highlighting slower contract flow.
Prices are reacting in a striking way despite that sluggish pace. The typical home value over the latest rolling three months is up more than 60% from a year ago, and the median list price has climbed over 30% in the same period, showing how high-end properties can move the averages in a small market. At the same time, the average sale-to-list ratio has slipped to around 82%, and none of the recent sales closed above asking, signaling that buyers often have room to negotiate.
Speed to contract looks very different from last year. Homes now spend a median of about two weeks on the market, a dramatic drop from the much longer marketing times seen previously, even as the number of sales remains low. These mixed signals make interpreting the Allenhurst market challenging, so both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who knows how to navigate these conditions.
