Taghkanic currently leans toward sellers, with the market gauge indicating a seller’s market. Months of supply sits at 2.6 in the latest rolling three-month view, a level that typically favors sellers by limiting buyer options. At the same time, buyers have some leverage, as homes are selling for about 96.9 percent of list price on average.
Looking at prices, the typical home value over the past three months is about $406,800, down sharply from a year ago. In contrast, the median list price has climbed more than 55 percent year over year to around $1.24 million, signaling that many sellers are aiming high even as closed prices trend lower. The share of homes selling above list has fallen significantly compared with last year, and only about 16.7 percent of recent sales beat asking price.
Activity has picked up in this rolling three-month period, with homes sold up more than 20 percent year over year and pending sales showing similar growth. Inventory is somewhat lower than a year ago, yet median days on market has stretched to around 93 days, giving patient buyers more time to decide. With Taghkanic showing mixed signals for pricing but a clear tilt toward sellers in supply, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these dynamics.
