Mohawk currently leans toward sellers, with the market gauge signaling a seller’s market despite some mixed signals. Months of supply has risen sharply year over year to about 5.1 months, suggesting more options than a year ago. Even so, homes still tend to move in about 20 days in this rolling three-month view, much faster than a year earlier.
Prices have generally pushed higher over the past year, with the typical home value up nearly 19 percent compared with the same three-month period last year. At the same time, the median list price has climbed more than 26 percent year over year in this rolling window, indicating sellers are testing higher price points. Buyer activity looks uneven, as homes sold are down more than 40 percent from a year ago while pending sales are up roughly 26 percent.
New listings have surged more than 50 percent year over year, and active listings are also modestly higher, giving buyers more homes to compare. However, buyers still face relatively quick decision timelines, with days on market down about 38 percent compared with last year, and an average sale-to-list ratio near 98 percent shows prices are holding close to asking. With this mix of rising prices, more inventory, and quicker sales, both buyers and sellers can benefit from an experienced local expert, and Agent Pronto can connect them with a Mohawk agent who fits their needs.
