Racine is currently tilted toward sellers, with the market gauge signaling a seller’s market. Low inventory relative to demand helps explain this, with only 2.5 months of supply available in the latest rolling three-month period. Homes are taking a bit longer to sell at a median of 42 days, but conditions still favor sellers overall.
Prices over the rolling three-month window are higher than a year ago, with the typical home value up about 5 percent and median list prices rising more than 6 percent year over year. At the same time, buyer activity has cooled, as homes sold are down roughly 11 percent and pending sales are nearly 10 percent lower than last year.
Inventory has edged up modestly compared with a year earlier, with active listings increasing about 5 percent and months of supply more than doubling, which gives buyers a bit more breathing room. Even so, homes continue to sell close to asking price, with the average sale-to-list ratio just under 100 percent and about 39 percent of sales closing above list price in this rolling three-month view. With these shifting dynamics between pricing strength and softer demand, both buyers and sellers can benefit from an Agent Pronto–recommended real estate professional who understands current conditions in Racine and how to navigate them.
