Inventory in Colonial Pine Hills has expanded in this rolling three-month view, with 15 active listings and 13 new listings coming on the market. Months of supply has surged to 12.7, up sharply from about a year ago, signaling far more options for buyers. Even with this higher supply, 9 homes have gone under contract, showing that well-priced properties are still attracting interest.
Contract activity has grown compared with last year, with pending sales up around 30 percent year over year. At the same time, closed sales have dropped significantly from a year ago, with only 3 homes sold in the latest period, suggesting that deals are taking longer to move from offer to closing and that some listings may be lingering.
Pricing is adjusting to these conditions, with the typical home value around $559,700, down notably from a year ago, while the median list price has inched slightly higher year over year to about $644,000. Homes are spending a median of 49 days on the market, longer than in some past periods, yet about a third of recent sales still closed above asking, and the average sale-to-list ratio is nearly 100 percent. With shifting inventory, evolving prices, and mixed selling speeds, both buyers and sellers in Colonial Pine Hills can benefit from Agent Pronto’s help in finding an agent who understands these local dynamics.
