More Homes on the Market:
Inventory remains much higher than last year, with 114 homes actively listed in February 2026—up almost 26% compared to February 2025. Although inventory dipped slightly from January (down 7%), buyers still have significantly more choices than a year ago.

Listing Prices Trending Up:
The median price for new listings jumped to $725,000, reflecting a noticeable increase both month-over-month (up 11.5%) and year-over-year (up 14.7%). This could signal optimism among sellers or the introduction of higher-value homes to the market.

Final Sale Prices Easing:
Despite higher asking prices, the median sale price dropped to $638,422 in February 2026 (down from $682,500 in January and $661,500 in February 2025). This suggests that buyers are having success negotiating, or that more affordable homes are changing hands.

Steady Pace of Sales:
There were 34 closed sales in February—nearly identical to February last year and just below January’s figure. New listings numbered 60, up from last year and maintaining a steady stream of homes entering the market.

Homes Selling Slightly Faster:
Average days on market improved to 55.7 days, a week shorter than January and slightly faster than February 2025. However, this is still a slow pace compared to recent spring and summer activity.

Balanced Market Emerges:
Months of inventory in our combined markets stands at 3.44, much higher than last February’s 2.82. The market is easing toward balance, offering more opportunities for buyers than in the recent past.

Sellers Still Receiving Solid Offers: The closed-to-list price ratio is up slightly at 99.2%, meaning most sellers are accepting offers close to their current asking price, better than February 2025 and slightly up from January. The ratio for original list price versus closed price is lower at 96.5% due to seller price adjustment during the listing period.