Year-over-year, Silo’s rolling three-month data shows home values edging higher even as listing prices move lower. The typical home value is up more than 13 percent from a year ago, while the median list price has dropped sharply in that same period. This mix points to buyers seeing better asking prices, even as underlying values trend upward.
Looking at activity, homes sold in the latest three-month window are up more than 50 percent year over year, yet new listings have fallen by roughly two-thirds. Active listings have still grown compared with last year, and pending sales have doubled, signaling that more of the limited inventory is going under contract. Inventory stands at about 3.2 months of supply, slightly higher than a year ago but far below this past summer’s very elevated levels, reinforcing Silo’s status as a seller’s market.
Conditions on the ground reveal a market where patience matters. Typical homes are spending around 160 days on the market, up significantly from a year ago, and the average sale-to-list price ratio has slipped to roughly 94 percent, with no recent sales closing above asking. With only seven active listings and just one new listing in the latest period, every listing and offer carries extra weight. Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these shifting trends and can help them navigate each step of the process.
