Scenic Oaks is seeing more homes moving through the market in this rolling three-month view. Active listings are up sharply from a year ago, and the number of homes sold has climbed even faster, rising nearly 40 percent year over year. New listings and pending sales are also higher than a year ago, showing stronger contract activity and more choices for buyers.
Home values are reacting to this pickup in activity with modest but noticeable growth. The typical home value is a bit higher than a year ago, and the median list price has held about flat over the same period, suggesting sellers are not pushing prices aggressively despite increased demand.
At the same time, conditions still lean toward sellers, but with more balance than in the past. Scenic Oaks is classified as a seller’s market, yet months of supply has come down from higher levels over the past year, and the average sale-to-list ratio sits just under full asking price. Homes are taking longer to sell than they did a year or two ago, even though the share selling above list price has edged up recently. With inventory, pricing, and timing all shifting at once, both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent to guide their decisions.
