Avalon currently leans toward sellers, with the market gauge reading a seller’s market. Months of supply sit around three, indicating inventory is relatively tight compared with demand. Homes are also spending a median of 72 days on the market in this rolling three-month window.
Looking at prices, the typical home value over the latest rolling three-month period is about $2.6 million, down roughly 8% from a year earlier. At the same time, the median list price is essentially flat year over year, showing that seller expectations have not fallen as much as closed-sale prices.
Supply and demand dynamics have shifted compared with last year. Active listings are down more than 40% year over year, and new listings have fallen by nearly one-third, limiting choices for buyers. Sales activity has cooled, with homes sold and pending sales both down double digits from a year ago, even as only about 3% of properties are closing above list price and the average sale-to-list ratio holds near 96%. In this environment of lower inventory, longer marketing timelines, and softer prices, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands Avalon’s shifting patterns.
