Inventory in Berea has tightened in this rolling three-month view, with active listings down about 12% year over year to 132. Even with fewer homes on the market, supply sits near 4.3 months, signaling more balance than in the ultra-tight conditions seen a couple of years ago. Contract activity has cooled compared with last year, as homes sold slipped roughly 3% and pending sales dropped nearly 15% year over year.
Pricing is showing mixed signals in response to these shifts. Typical home values are down a bit, dipping about 2% from a year ago, yet the median list price is up nearly 10% year over year, suggesting sellers are testing higher asking prices. At the same time, the average sale-to-list price ratio is just under 99%, and only about 15% of homes are closing above list, a much smaller share than in 2023.
Homes are staying on the market much longer than a year ago, with the median days on market currently around 95 in this rolling three-month period. That slower pace, combined with fewer new listings coming on the market year over year, creates a more deliberate environment for both sides of a transaction. With pricing, timing, and negotiation all moving targets, buyers and sellers in Berea can benefit from Agent Pronto’s help connecting with an experienced local real estate agent who understands these trends.
