Inventory in Ramapo has grown meaningfully in this rolling three-month view. Active listings are up about 7% year over year to 600, and months of supply has nearly doubled to 6.1, signaling a looser balance between buyers and sellers. Even with more choices, contract activity is steady, with homes sold up around 6% from a year ago and new listings rising modestly.
Prices are reacting with steady upward pressure rather than big jumps. The typical home value is almost 9% higher than a year ago, while the median list price is only slightly above last year, suggesting sellers are not getting far ahead of what buyers will pay. On the demand side, roughly one-third of recent sales closed above list price and the average sale-to-list ratio sits near 99%, indicating buyers still step up for well-priced homes despite longer marketing times.
Time on market has lengthened substantially, with the median days on market increasing from about a month last June to roughly seven weeks now. That slower pace, combined with higher inventory, points to more room for negotiation and careful pricing strategy. With Ramapo still technically classified as a seller’s market but looking more balanced than in recent years, both buyers and sellers can benefit from an experienced local agent, and Agent Pronto can connect them with the right professional to navigate these conditions.
