Featured Blog Posts

October 2024 Market Update

This shows a decrease in the number of sales of 127 homes or -7.6%. The median sale prices saw a 12.7% increase year-over-year. There are currently 178 homes on the market with an average marketing time of 92 days. This results in a 0.9-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.

September 2024 Market Update

The most significant change to the market is the days on market for active listings is increasing significantly when compared to recent months. While this is typical for early fall market, as well as election years, it does mark a change. The decrease in interest rates will likely bring some additional buyers to market prior to winter as well.

October 2023 Market Update

This shows a decrease in the number of sales of 365 homes or -17.9%. The median sale prices saw a 6.9% increase year-over-year. There are currently 150 homes on the market with an average marketing time of 79 days. This results in a 1.1-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market.

February Market Update

There are currently 117 homes on the market with an average marketing time of 112 days. This results in a 0.9-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months. 

By Nick Ward | 2 weeks ago

January 2025 Market Update

We continue to see the shortage of homes available be a significant factor in our market. It is most noteworthy that sales volume for 2024 was the lowest it had been since 2011 following the market crash of 2008. However, values remain strong, experiencing a 9.0% increase year over year.

By Nick Ward | 2 months ago

December 2024 Market Update

November continued the trend we saw in October of strong sales volume with a 9.3% increase over November of 2023. However, we also saw supply of homes drop significantly down to 0.4 months of supply. It is not atypical to see a significant decrease in inventory during the holiday season, but this change is larger than we normally experience.

By Nick Ward | 3 months ago

November 2024 Market Update

This shows a decrease in the number of sales of 89 homes or -5.4%. The median sale prices saw a 10.0% increase year-over-year. There are currently 182 homes on the market with an average marketing time of 98 days. This results in a 1.4-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.

By Nick Ward | 3 months ago

October 2024 Market Update

This shows a decrease in the number of sales of 127 homes or -7.6%. The median sale prices saw a 12.7% increase year-over-year. There are currently 178 homes on the market with an average marketing time of 92 days. This results in a 0.9-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.

By Nick Ward | 5 months ago