Your equity dashboard

The biggest change this year

Failed listings fell by a third while prices held. Six listings expired or were terminated over the past twelve months against nine the year before, the median sale price rose from $219,750 to $275,000, and median time on market shortened from 47 days to 35. Volume was steady — 19 sales against 24.

Where the supply is — and isn't

Thirteen of the past year's 19 sales closed between $200,000 and $399,999, where two homes are listed. Only five homes are for sale.

Three things worth knowing

1. 1Half of all sales close inside about five weeks, but the tail is long. The median home sold in 35 days, and the average sat at 64. Homes that sold on their first listing took a median of 36 days; the eleven that had to relist after failing took a median of 239 cumulative days and settled at 94.1% of their last asking price.
2. 2New construction has not found a buyer. Eight listings that expired over two years were built in 2023 or later — five townhouse units and three new bi-levels, asking $269,900 to $499,900. Not one new build sold in the period.
3. 3Acreages and newer homes move fastest. Three acreage sales closed at a median $417,500 in 25 days, and in-town detached homes built 1990 or later sold at a median $310,000 in 28 days — against $147,000 and 102 days for homes built before 1970. Small samples, so read these as direction rather than rule.