November 2025 Real Estate
Market Update

 
 

What’s happening now
(last 3 months: Aug–Oct 2025)

  • $ / SF: $366/sf, +5% YoY vs Aug–Oct 2024 (~$349/sf), and a touch above early summer.

  • Days on Market: 16 days avg — down from 19 in May–Jul, and far below last fall’s ~30 days.

  • Closed Sales: 69 in Aug–Oct (–12% YoY vs 78).

  • New Listings: 148 in Aug–Oct (+11% YoY vs 133; above ~131 in May–Jul).

  • Months of Supply: roughly 4.7, essentially unchanged from last year.

  • Active Listings (avg): ~107 over the past 3 months (–6% YoY; up vs ~98 in May–Jul).

  • Expired Listings: 18 vs 22 last year (–18% YoY).

Note: Inventory edged higher from summer and pricing firmed ~5% YoY, but closings ran lighter than last year. With Months of Supply holding around ~4.7, the pace remains balanced—well-priced homes still move, while “reach” pricing sees pushback.

Year-to-Date (Jan–Oct 2025)

  • Sales: 288 vs 250 in 2024 (+15%) — solid rebound in buyer activity.

  • New Listings: 494 vs 489 (+1%) — supply roughly flat overall.
    $ / SF: $357 vs $363 (–1.5%) — slight dip on average after several strong years.

  • Days on Market: 13 days vs 20 last year (–37%) — listings that match the market are still moving quickly.

  • Expireds: 53 vs 56 (–5%) — modest improvement; fewer listings are timing out.

Latest monthly snapshot (Oct 2025)

Sales: 22 | New listings: 39 | Active: 109
$ / SF: $364 | DOM: 26 | MOS: 5.0

What it means for sellers

  • Price it for today, not the peak. With Months of Supply near ~4.7 and closings in the trailing 3-month period of 2025 a bit softer Year-over-Year, buyers have options. Listings even ~3–4% above market are lingering, while appropriately priced homes still see steady tours and offers.

  • Preparation still wins. Updated, move-in-ready properties are achieving the best $/sf. Small fixes—paint, lighting, landscaping, and tidy punch lists—help you defend price and reduce days on market.

  • Launch matters. The first 7–10 days after going live remain critical. Hitting the market polished and correctly priced maximizes early momentum and reduces the chance of a later price cut.

Seller bottom line: It’s a balanced market with a slight tilt toward well-prepared, well-priced homes. Stretch pricing or dated condition risks longer market time and weaker terms.

What it means for buyers

More choice without broad price relief. New listings were up ~11% vs last fall, and actives have ticked up since summer, but $/sf held firm around the mid-$300s. Expect competition on the stand-out homes—especially those turnkey and well-located.

Use condition to your advantage. With average prices steady and YTD $/sf slightly lower, the best negotiation room tends to be on homes needing cosmetic or systems updates.

Be ready to move on the right one. While the 3-month average DOM is in the mid-teens, individual turnkey listings can still draw early interest. Have pre-approval and decision criteria ready.

Watch the “stale” tier. Expireds are down YoY, but homes that sit ~3+ weeks often revisit price or presentation—creating opportunities for prepared buyers.

Buyer bottom line: The pace is calmer than last year, selection is better than midsummer, and negotiation is back—yet the top-quartile listings still command attention. Being informed and decisive is your edge.