Year-over-year trends in Silo show notable shifts over this rolling three-month period. Typical home values are up more than 20 percent compared with a year ago, even as the median list price has fallen sharply by over 60 percent. Inventory has expanded, with active listings rising by more than 80 percent year over year.
Looking at recent activity, only two homes sold in the latest three-month window, though sales are slightly higher than a year ago. Pending sales, however, are up more than threefold year over year, suggesting more buyers are moving forward even with a small pool of closed transactions.
Conditions have become more favorable for shoppers than in the past, with months of supply climbing to about 6.4 and increasing more than 170 percent from a year earlier, while the median days on market has stretched to 166 days. No homes have sold above list price recently, and the average sale-to-list ratio sits just under full asking at about 98 percent. At the same time, a seller’s market label still applies, supported by rising home values and limited sales volume. In this mixed environment, buyers and sellers in Silo can benefit from Agent Pronto’s help connecting with a local agent who understands these evolving trends.
