New listings rose 12.3 percent year over year, which reads as sellers responding to steady demand rather than as a sign that supply is loosening. The benchmark home price sits at $444,700, up 2.8 percent year over year, consistent with a market where buyers still outnumber the homes available to them.
What this means day to day is that well-priced, well-presented homes are still moving briskly, while sellers who price above recent comparables are more exposed than the tight headline numbers suggest, because buyers have enough alternatives to walk away from a home that is not competitively priced.
The numbers describe the city. What they are worth for your specific address still depends on a direct look at your home. Get your hand-reviewed valuation from Joel Dyck.