Inventory in West Gate is still tight in this rolling three-month view, with about two months of supply despite a year-over-year jump of just over 50 percent. Active listings have dipped slightly compared with last year, even as new listings are up more than 25 percent, suggesting more homes are cycling through the market. Pending sales and closed sales are both up around 7 to 8 percent from a year ago, signaling steady buyer demand.
Home values are trending upward over the year even as they eased back a bit in recent months. The typical home value has risen about 9 percent year over year, while the median list price is up more than 6 percent, pointing to firmer pricing than last fall.
Homes are still moving at a solid pace, with the median days on market down about 9 percent from last year, and more than two-thirds of properties going off the market within two weeks. Sellers hold an advantage, reflected in a seller’s market gauge and an average sale-to-list ratio just above 101 percent, with the share of homes selling above list climbing to more than half and up sharply from a year ago. Buyers and sellers who want to navigate these conditions can turn to Agent Pronto to connect with a local West Gate agent who understands this fast-moving market.
