This is a monthly contribution to the PhinneyWood Blog by Greenwood realtor Doron Weisbarth
The real estate market in our PhinneyWood neighborhood continues to show strong momentum. While median single-family home prices dipped from last year, the price per square foot increased, suggesting values remain stable despite shifts in the mix of homes being sold.
Market activity has accelerated as well. The number of homes sold is up sharply year over year, and pending sales have risen significantly. New listings and overall inventory have reached their highest levels in three years, giving buyers more choices than they’ve had in quite some time.
You can find all the latest data and the full analysis onlineโgo to PhinneyWoodHomes.com.
What’s especially noteworthy is that the added inventory isn’t lingering on the market. Homes continue to sell quickly, with a median market time of just six days. Despite the increase in inventory, our neighborhood remains firmly in seller’s market territory, with only 2.7 months of supply.
Taken together, these numbers paint a picture of a healthy, active market. Buyers have more opportunities, sellers continue to see strong demand, and homes are changing hands at a brisk pace.
If you’re considering buying or selling this year, understanding how these market conditions affect your opportunities can make a meaningful difference. For a no-obligation consultation and a smart strategy tailored to your goals, call Doron at 206-779-9808.