Chesterville currently leans toward sellers, with the market gauge firmly in seller’s territory even as conditions cool. Months of supply has climbed to 3.2 in this rolling three-month view, up sharply from about 1 to 1.5 a year ago, showing that buyers now have more options than they did last year.
Listing and sale prices are moving in different directions, adding complexity for both sides. Typical home value over the latest three-month period is down more than 10 percent year over year to around $150,000, while the median list price has soared more than fourfold compared with last year, indicating a few higher-end listings can heavily sway the small sample of properties.
Activity has slowed noticeably, which can affect negotiating dynamics. Homes are taking much longer to sell, with median days on market jumping from about a month last fall to 331 days in the latest rolling period, and homes sold, new listings, and active listings are all down by roughly half or more year over year, with none of the recent sales closing above list price and the average sale-to-list ratio near 94 percent. In a small market like Chesterville where each sale can shift the stats, buyers and sellers can both benefit from Agent Pronto connecting them with an experienced local agent who understands these trends.
