Inventory in South Davis is very limited right now, with only 3 homes for sale. New listings are also low at 9 for the month, and pending sales have dropped 55.56% compared to last year. Homes are taking longer to move into contract, sitting a median of 46 days on the market, which is up more than 67% year over year.
Home values in South Davis are rising over the past year but softening month to month. The typical home value is about $265,000, up 4.23% annually, yet it slipped 3.46% from the prior month, and homes in Arlington overall are higher at roughly $335,000.
Listing prices are reacting differently, with the median list price at $279,000 and jumping 11.64% month over month, even as the projected typical home value edges down to about $260,250 and the projected median list price climbs toward $293,550. Very tight supply, a market gauge of 4, and an average sale-to-list ratio of about 0.96 all point to a seller’s market, even though no recent sales have closed above list price. With Arlington carrying a far larger inventory of 744 homes, local conditions in South Davis are more constrained, so both buyers and sellers can benefit from using Agent Pronto to connect with an expert agent who understands these nuances.
