Inventory in Schoharie County has expanded notably, with active listings up around one-third from a year ago and new listings jumping by more than half. Homes sold have also increased compared with last year, but pending sales are down year over year, suggesting buyers are moving a bit more cautiously. With months of supply rising to about 5.8, conditions now resemble a neutral market rather than the tighter environment seen across much of New York State, where supply is closer to 3.8 months.
Prices are adjusting to this balance between more options and steadier demand. The typical home value is slightly lower than a year ago, even as the median list price has climbed, showing sellers are testing higher asking prices while buyers focus on value. June’s average sale-to-list ratio just above 101 percent and more than 40 percent of homes selling above list indicate that well-priced properties can still attract strong offers.
Speed of sales has shifted over the past year, with median days on market currently at 19, down sharply from last month but still much higher than last summer’s very fast pace. Compared with the statewide median sale price, Schoharie County offers significantly more affordable housing, which may draw price-sensitive buyers. With trends in inventory, pricing, and time on market all moving in different directions, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these local dynamics.
