Weekly Market Update: July 20th through July 26th

This Week’s Stats

🏡 New Listings: 245 ⬆️ (228 last week | +17)

🤝 Pending Sales: 194 ⬆️ (189 last week | +5)

🔑 Sold Homes: 131 ⬇️ (142 last week | -11)

💲 Price Reductions: 218 ⬇️ (245 last week | -27)

Weekly Trend Overview

Inventory continued to build this week as new listings increased for the second straight week. Pending sales also ticked higher, showing that buyers are still active despite the middle of summer. Closed sales slipped slightly, which is expected since they reflect contracts written several weeks ago. Price reductions fell noticeably, suggesting sellers may be pricing more accurately or choosing to hold steady rather than making immediate adjustments.

Overall, the market remains balanced with buyers continuing to make moves while fresh inventory gives them more choices.

What This Means for You

For Buyers

More new listings mean more opportunities to find the right home without feeling rushed. Homes that are priced well are still attracting offers, but buyers continue to have more negotiating power than they did earlier this year.

For Sellers

Demand is still there, but presentation and pricing matter more than ever. Buyers have options, so homes that are prepared well and priced competitively continue to stand out and sell more quickly.

If you’re wondering what these trends mean for your neighborhood or your home’s value, I’d be happy to help.