Inventory in Masten Park has expanded in this rolling three-month view, with active listings up more than 20 percent year over year and sitting at 36 homes. New listings have also risen compared with last year, while homes sold have climbed by more than 50 percent. Despite this additional supply, months of supply has surged to about 9.1, indicating a much looser balance between buyers and sellers than Buffalo overall, where supply is closer to five months.
Contract activity is telling a mixed story. Pending sales over the same period are down almost 30 percent from a year ago, signaling that buyer follow-through is softer even as more homes come to market.
Pricing, however, has stayed resilient. The typical home value is up roughly 9 percent year over year, and the median list price has climbed by a similar pace, suggesting sellers are still confident. A large share of homes, about two-thirds, are closing above list price, and the average sale-to-list ratio is just over 101 percent, so well-priced homes can still attract strong offers. At the same time, median days on market have stretched to 53, meaning some properties are taking longer to find the right buyer. In a neighborhood with shifting supply, varied demand, and firm prices, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent.
