Inventory in Boswell's Corner has tightened in the latest rolling three-month view, with active listings down sharply from a year ago and just six homes currently on the market. New listings have slowed even more noticeably year over year, pointing to fewer fresh options for buyers. Pending sales, however, are up compared with last year, showing that the limited homes available are still drawing committed buyers.
Pricing has been adjusting amid this changing supply and demand picture. The typical sale price is down compared with the same period last year, yet the median list price is higher year over year, suggesting sellers are testing the upper end of the market while buyers negotiate. Homes are taking longer to sell than a year ago, with the median days on market now in the low 80s, even as months of supply has dropped significantly from last year’s more balanced levels.
Conditions overall still lean toward sellers, as reflected in the seller’s market gauge, but buyers have gained some negotiating power. Only about a quarter of recent sales closed above list price and the average sale-to-list ratio sits just under 97 percent, which signals a bit more flexibility than in hotter periods. With these mixed signals and quickly shifting dynamics, both buyers and sellers in Boswell's Corner can benefit from Agent Pronto connecting them with a local agent who understands the data and how to act on it.
