🏡 Sales Market – More Inventory, Stable Pricing
Active Listings:
- 835 homes for sale
- ⬆️ 19.6% increase year-over-year
- Up from 707 in December
Median Sold Price per SF:
- $281.91
- ⬇️ 1.9% year-over-year
- Slight rebound from December’s $278.34
Average Days on Market:
- 60 days
- ⬆️ 9.1% year-over-year
- Slightly slower than December (58 days)
30-Year Mortgage Rates:
- 6.11% (essentially unchanged from December’s 6.10%)
🔎 What This Means (Sales)
- Inventory continues building, but the pace of growth is slowing compared to late 2025.
- Price per square foot ticked up month-over-month — a small but encouraging sign of price stability.
- Homes are taking about two months to sell, reinforcing that we are still in a balanced-to-slightly buyer-leaning market.
- With rates holding steady, affordability pressure remains consistent.
🏢 Rental Market – Softening Rents, More Tenant Leverage
Active Rental Listings:
- 233 homes for rent
- ⬆️ 4% year-over-year
- Down from 259 in December
Median Rented Price per SF:
- $1.30
- ⬇️ 8.8% year-over-year
- Down from $1.37 in December
Median Days on Market:
- 44 days
- ⬆️ 37.5% year-over-year
🔎 What This Means (Rentals)
- Rental supply actually declined month-over-month, but rents continue to soften.
- Properties are taking longer to lease, suggesting tenant demand is more price-sensitive.
- Landlords must be strategic with pricing and presentation to avoid extended vacancy.