Brookfield currently leans toward sellers, with the market gauge solidly in seller’s territory. Months of supply is just 1.6 in this rolling three-month view, well below what’s considered balanced. Homes are also selling at an average of just over 100 percent of list price, underscoring steady demand.
Looking at prices over the past year, typical home value is up more than 13 percent compared with the same three-month period last year, pointing to notable appreciation. At the same time, the share of homes selling above list has edged down slightly year over year, from about half of sales to just under that level, hinting that bidding wars may be a bit less intense than before.
Inventory and activity trends help explain this balance of power. Active listings are down about 15 percent year over year and new listings have fallen by roughly 11 percent, so buyers are choosing from fewer options even as median days on market has ticked up slightly to 42 days. Homes sold and pending sales are both running below last year’s pace, yet the tight supply keeps conditions tilted toward sellers. Whether you are trying to stand out as a buyer or maximize your position as a seller, Agent Pronto can connect you with an experienced Brookfield agent to guide you through this market.
