Weekly Market Update | October 20–27

This Week’s Stats (Oct 20–27)

New Listings: 129 ↓ (from 158 last week)
Pending Sales: 178 ↓ (from 212)
Sold Homes: 128  (no change from 128)
Price Reductions: 191 ↑ (from 167)

📈 Weekly Trend Overview

This week saw a continued seasonal cooldown in both new listings and pending sales. Fewer homes hit the market, and buyer activity slowed slightly, though the number of closings held steady. Price reductions rose again, showing that sellers are adjusting expectations as we move deeper into fall.

Even with softer numbers, the overall market remains balanced. Buyers are still out there and active, but they’re being more selective about what fits their needs and budget.

What This Means for You

For Buyers:
Fresh inventory continues to appear each week, but not every home is connecting with ready buyers. This opens the door for negotiation and potential value, especially on listings that have been sitting for a while.

For Sellers:
While demand remains steady, pricing strategy is more important than ever. Homes that show well and hit the market aligned with current conditions are still selling quickly. Overpriced homes, however, are finding their way to the reduction list.