Inventory in Pine Lakes Addition is limited, with just two active listings in the latest rolling three-month period. New listings have fallen by half compared with a year ago, while pending sales have tripled, indicating that more homes are moving into contract despite fewer options. Months of supply is around three months, suggesting conditions that still lean toward sellers.
Contract activity has picked up sharply in this rolling view, with pending sales up 200 percent year over year even though only one home actually closed. Homes are also taking far longer to sell, with the median days on market stretching to 554 days versus much shorter marketing times seen in earlier periods. This slowdown in time to sale contrasts with the stronger pace of accepted offers and reflects a small, lumpy market where each listing can sway the averages.
Prices are adjusting as demand and supply rebalance over time. The typical home value in the latest period is around the mid-$400,000s, while the median list price has dropped by more than a quarter compared with last year. Sellers are receiving a bit less of their asking price on average, with the sale-to-list ratio slipping into the mid-90s and no recent sales closing above list price. With a seller’s market reading but slower individual sales, both buyers and sellers can benefit from an Agent Pronto match to a local agent who understands these shifting dynamics.
