The most recent data shows that the real estate market is evolving, giving buyers and sellers a dynamic picture. New listings surged by 22.2%, bringing fresh options to the table, but pending sales took a significant dip, down 30.1%. Meanwhile, inventory climbed an impressive 27.7%, reaching 4,413 units. This increase in supply is reflected in the months’ supply of inventory, now up 22.2% to 3.3 months—a sign that buyers may find more breathing room, even as homes spend slightly longer on the market, with days on market rising to 54.On the pricing front, the local market showed a slight cooldown, with the median sales price dipping 1.5% to $310,250. However, zooming out to the national level, inventory remains tight, with just a 3.8-month supply, well below the 5-6 months of a balanced ... 01/23/2025