Gantt is currently tilted toward sellers, with the market gauge reading a seller’s market at 26. Inventory has expanded to about 5.8 months of supply in this rolling three-month view. Homes typically spend around 67 days on the market, signaling that buyers have some time but well-priced listings still move.
Looking at pricing, the typical home value over the past three months is about $287,778, which is slightly higher than a year ago. At the same time, the median list price has climbed much faster year over year, up more than 11 percent, indicating sellers are testing stronger price points. The share of homes selling above list is just under one quarter, and the average sale-to-list ratio is near 100 percent, showing that final sale prices are closely aligned with asking prices.
Inventory and activity levels help explain the balance between buyers and sellers. Active listings are up more than 9 percent compared with a year earlier, and new listings have surged by more than half, giving buyers more options even as months of supply has risen sharply since last year. Yet rolling three-month home sales are down more than 20 percent year over year, and pending sales are also lower, suggesting some buyers are pausing at current price levels. Whether you are buying or selling, Agent Pronto can connect you with a local agent who understands these dynamics and can guide your next move.
