St. Clair’s rolling three-month numbers show notable year-over-year shifts. Typical home values are up sharply, rising nearly 20 percent compared with a year ago. At the same time, median list prices have climbed dramatically, more than doubling year over year, signaling sellers are testing higher price points.
Looking at activity, the number of homes sold over the rolling three-month period is down more than 40 percent from last year, and new listings are also lower by roughly a third. Inventory has tightened significantly, with active listings down nearly 40 percent year over year, even as months of supply has more than doubled, reflecting a smaller but slower-moving pool of homes.
Current conditions highlight how this plays out for buyers and sellers on the ground. The typical home value sits around $142,000, while the median list price is closer to $198,000, and homes are spending a median of 55 days on the market. Roughly 17 percent of recent sales closed above list price, and the average sale-to-list ratio is high at about 99 percent, indicating sellers are generally achieving close to asking. With only about 2.7 months of supply and just 12 active listings in this rolling three-month view, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these shifting dynamics.
