Beekman currently leans toward sellers, with the market gauge signaling a seller's market. Limited inventory is a key factor, with only about 2.3 months of supply available in this rolling three-month view. Homes are also selling close to asking, as the average sale-to-list ratio sits just above 100 percent.
Home values have edged up compared with a year ago, with the typical home value rising around 2 percent. At the same time, median list prices are up roughly 7 percent year over year, pointing to stronger pricing power for sellers. Buyer activity has been healthy, as homes sold climbed by about 49 percent from a year earlier, even as new listings fell more than 20 percent over that period.
Conditions on the ground reflect this tension between steady demand and tighter supply. Median days on market have shortened slightly from a year ago to about 35 days, while nearly 45 percent of homes are still selling above list price, even though that share is down from last year. Active listings are roughly flat compared with a year ago, so buyers are not seeing significantly more options even as prices trend higher. In this environment, Agent Pronto can connect both buyers and sellers with an agent who understands Beekman’s seller-leaning dynamics and can help them navigate pricing, timing, and negotiation.
