📈 Home Sales 295 homes sold in February, down 7.2% year-over-year (295 vs. 318). Year-to-date sales are up 1.5% compared to 2025. Average sale price: $615,795, down 1.76% YoY, but still up 4.93% year-to-date. Median sale price: $510,000, down 0.68% YoY. Key insight: While closed sales dipped slightly, overall pricing remains relatively stable.
📝 Pending Sales (Buyer Demand Indicator) 425 homes went under contract, up 11.8% year-over-year (425 vs. 380). Year-to-date pendings are up 11.9%. Key insight: Buyer demand is accelerating, especially in mid-range and luxury price points — a strong signal heading into spring.
💰 Pricing Trends Average list price: $883,009 (+1.33% YoY) Median list price: $628,000 (+1.45% YoY) Absorption rate: 5.37 months (up slightly from 5.29 last year) The market continues trending toward balanced conditions, with supply and demand relatively aligned.
🏘️ Inventory Levels 1,929 active listings, up 8.2% year-over-year. 785 new listings, up 4.7% YoY. Key insight: Buyers have more options than last year, contributing to longer days on market.
⏳ Days on Market Average CDOM: 98 days, up 24.05% YoY Median CDOM: 63 days, up 50% YoY Year-to-date average CDOM is up 20.5%. Homes are taking longer to sell compared to last year — typical in a more balanced market with increased inventory.
