September 2025 was a Neutral market! The number of for sale listings was up 42.9% from one year earlier and up 66.7% from the previous month. The number of sold listings decreased 57.1% year over year and decreased 50% month over month. The number of under contract listings was up 16.7% compared to previous month and up 40% compared to previous year. The Months of Inventory based on Closed Sales was 3.3, up 230% from the previous year.

The Average Sold Price per Square Footage was up 16.2% compared to previous month and up 12.6% compared to last year. The Median Sold Price decreased by 11.6% from last month. The Average Sold Price also decreased by 8.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".

The Average Days on Market showed a upward trend, an increase of 64.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 101%, was the same compared to previous year.

It was a Neutral Market

Property Sales (Sold)
September property sales were 3, down 57.1% from 7 in September of 2024 and 50% lower than the 6 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 3 units of 42.9%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 66.7% compared to the previous month.

Property Under Contract (Pended)
There was an increase of 16.7% in the pended properties in September, with 7 properties versus 6 last month. This month's pended property sales were 40% higher than at this time last year.

The Average Sold Price per Square Footage was Appreciating*

The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The September 2025 Average Sold Price per Square Footage of $780 was up 16.2% from $671 last month and up 12.6% from $693 in September of last year.

* Based on 6 month trend – Appreciating/Depreciating/Neutral 

The Days on Market Showed Upward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for September 2025 was 23, up 91.7% from 12 days last month and up 64.3% from 14 days in September of last year.

The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 101% was down 1.9% % from last month and the same as in September of last year.

* Based on 6 month trend Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady

The Average For Sale Price was Depreciating*
The Average For Sale Price in September was $2,241,000, down 8.5% from $2,449,000 in September of 2024 and down 8.3% from $2,445,000 last month.

The Average Sold Price was Depreciating*
The Average Sold Price in September was $1,740,000, down 15.3% from $2,055,000 in September of 2024 and down 8.2% from $1,896,000 last month.

The Median Sold Price was Depreciating*
The Median Sold Price in September was $1,761,000, down 13.4% from $2,034,000 in September of 2024 and down 11.6% from $1,992,000 last month.

* Based on 6 month trend – Appreciating/Depreciating/Neutral