Lake Heritage home values in this rolling three-month view are slightly higher than a year ago, with the typical home value up about 2 percent year over year. Asking prices have grown much faster, as the median list price has climbed more than 25 percent compared with last year. Inventory has also expanded, with active listings up nearly 92 percent year over year, signaling a very different supply picture than a year ago.
At the same time, buyers are taking longer to commit, as the median days on market has risen to 42 days, up more than 20 percent from last year. Months of supply has grown sharply to about 5.2 months, a big year-over-year increase that points to a neutral market where neither side has a clear upper hand.
Looking at recent activity, only about 12 percent of homes sold above list over the latest period, down from last year, and the average sale-to-list ratio has edged just under 98 percent. New listings are still coming on steadily, up more than 40 percent year over year, but pending sales have dropped by roughly half, showing that buyers are more selective. With eight homes sold in the latest rolling three months and 19 still active, it is crucial to understand pricing, timing, and negotiation, and Agent Pronto can connect both buyers and sellers with an agent who knows how to navigate these conditions.
