Buyers should take the next step when they have a realistic budget, a clear property fit, and a process for due diligence. Sellers should take the next step when their price, presentation, and terms support their goals.
The latest market report identifies a buyer's market. Reported months of supply were 7.69. The median sold price was $502,500. The median list price for active homes was $495,750. The reported sold-to-list price was 96%. Median days on market were 56. The median estimated property value was $499,450. New listings had a median list price of $499,000. New pending listings had a median list price of $462,500. These figures cover single-family homes, condos, townhomes, and apartments.
The latest reported figures offer useful context for both sides. Buyers can focus on fit, diligence, and sustainable costs. Sellers can focus on presentation, positioning, and terms. No broad figure replaces a property-specific review. The buyer's market designation supports careful preparation. A clear process is more useful than reacting to headlines. The best next move depends on your actual objectives.
Buyers should confirm financing and search criteria. Buyers should compare properties using consistent standards. Sellers should prepare records and the home itself. Sellers should set negotiation boundaries before listing. Both sides should review contracts carefully. Both sides should ask questions before deadlines. Use professional guidance for decisions requiring local expertise.
