Market Update:

When we looked at the numbers recently, February seemed to be a relatively quiet month. Number of listings year over year was just 2% higher (from 129 in 2025 to 132 this February) a number of closed sales went from 17 to 21. Prices were also comparatively stable with the median list price exactly the same year over year and the median sales price dropping by a mere 3%.

Our market seems to still be waking up from the mid-winter holidays…but we should see significant acceleration soon, as March signals the beginning of the most active months of the year. In contrast to the sluggish change in numbers year over year, there appears to be some positive signs that the spring market will be brisk as open house activity has been strong and interest rates seem to be holding relatively steady. Even the median days on market of the most recent sales has dropped back below 60 days.

Of course, the market is always driven by the various economic and world events, and this year will be no different as we wait to see what impact, if any, the war in Iran will have on local markets