Scenic Oaks is seeing more homes coming onto the market in this rolling three-month view, with active listings up sharply from a year ago and months of supply now around four. New listings and pending sales have both risen compared with last year, pointing to stronger contract activity and more choices for shoppers. Homes are still taking time to sell, with a median of 57 days on market, though this is shorter than earlier in the year.
Prices have eased compared with last summer, with the typical home value down slightly year over year. List prices have dipped only modestly, suggesting sellers are adjusting but not slashing expectations. The average sale-to-list ratio has edged above 98 percent, and only a small share of homes are selling above asking, which reflects more measured bidding than in past years.
Over the past several quarters, supply has trended higher than in 2023, while sale prices have generally moved off their previous peaks. Even so, recent gains in homes sold and pending contracts show that buyers are still active when homes are priced in line with current conditions. Sellers benefit from the area’s seller-leaning market gauge, but they need to stand out as buyers compare more options. Buyers, on the other hand, must navigate shifting pricing and timing. Both buyers and sellers can use Agent Pronto to connect with an experienced Scenic Oaks agent who understands these trends and can guide their next move.
