Home sales rose 2.3% year-over-year with 5,211 transactions, while new listings climbed 9.4% to 14,038, giving buyers more options. The average selling price was $1,022,143, down 5.2% from last year. Month-over-month, sales dipped slightly and prices held steady, reflecting a well-supplied but cautious market.
Here’s the Quick Market Overview Charts for a closer look at how sales, listings, and prices are trending:
With more inventory and softer prices, buyers have greater negotiating power, but further interest rate cuts could quickly shift the market.
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