Single Family Residential

Inventory continued drifting downward week over week while still remaining higher than this time last year although the gap is narrowing. The steady decline that began midsummer continues with an added nudge from seasonal distractions.

New listings rose sharply as compared to Thanksgiving week though they stayed below last year. Many sellers are choosing to wait for the late winter to early spring window when buyers return in stronger numbers. Coming Soon activity also moved upward week over week and remained significantly above last year which suggests sellers are warming up even as the temperatures cool.

Pending transactions climbed after the lull but still have not reached their earlier pace and remain lower than last year. Predictive months supply dipped again for the week while staying higher than last year but lower than the prior non holiday week. The market is settling into its familiar winter cadence with a little extra sparkle from the snowfall.

The odds of a home going under contract within thirty days nudged upward week over week although they remained slightly below last year. This mirrors typical seasonal patterns as buyers slow down briefly and then re engage at a steady pace. The result was a moderate chance of selling which aligns perfectly with December norms.

Showing activity increased from the previous week but remained softer than last year. Buyers are energetically browsing and more cautiously committing a classic winter behavior where touring is easier than deciding. Sellers who present their homes beautifully will capture the attention of those motivated buyers who are still active despite the season.

Median days on market continued climbing which comes as no surprise. Buyers are taking their time and patience becomes just as essential as scarves gloves and windshield scrapers.

Price reductions remained a prominent feature of the market. A larger share of homes going under contract included at least one reduction and while the average reduction ticked slightly downward sellers are continuing to adjust to meet buyers where they are. Others are choosing to wait for the more active early spring marketplace.

Single Family Residential November 2025

Active inventory moved downward month over month while still remaining above last year. Sellers are aware that the prime listing season arrives in late winter through early spring and that inventory typically peaks in early fall. New listings declined from the prior month and also came in lower than last year reflecting both seasonal hesitancy and strategic timing.

Pending transactions moved downward month over month which is typical as we enter the holiday season and remained nearly even with last year. Closed transactions also moved downward while staying close to year ago levels.
Months of inventory inched downward while our predictive supply indicator held steady. The market continues its expected deceleration after Labor Day and through year end. Buyers who are prepared and motivated are acting only when a home truly aligns with their needs and when sellers show willingness to negotiate.

Average and median prices softened slightly compared with the previous month while remaining close to last year’s levels. Homes selling below asking increased from last month and last year indicating that negotiation remains a significant tool for getting deals done. Concessions continued to appear in a notable share of transactions and although the new MLS reporting method limits visibility most lenders confirm that buyers continue favoring permanent rate reductions.

Days on market continued to lengthen with both average and median days increasing. Still a meaningful share of well prepared well located homes went under contract quickly showing that standout properties have no trouble attracting attention. Showing activity moved downward from the prior month while remaining above last year indicating that buyers are still searching even if their pace has slowed.

Attached Residential November 2025

Active inventory moved downward month over month but stayed above last year although the year over year gap is tightening. New listings fell sharply from the prior month and dipped slightly below last year indicating that the surge in attached inventory earlier in the year is beginning to cool.

Pending transactions moved downward month over month and also remained lower than last year. Closed transactions followed the same trajectory decreasing both month over month and year over year which aligns with the slower buyer activity we saw earlier.

Months of inventory moved upward and the predictive indicator held steady confirming that the attached segment continues to operate in buyer market territory as we head further into winter.

Average and median prices moved downward from the previous month and from last year offering buyers meaningful opportunities while sellers make strategic adjustments.

Days on market stretched further with average days rising and median days holding steady. A share of attached homes still went under contract quickly especially those priced well and located in desirable areas. Showing activity moved downward month over month and year over year indicating that buyers remain selective and deliberate.