While sales have been steady, inventory has increased substantially. This means more competition among sellers and more options for buyers.

This November there were 114 more guard-gated homes available than last November. This tells us that the market is shifting. Due to this imbalance between rising inventory and a smaller pool of qualified buyers, home values face downward pressure for homes priced above $2.5 million.

For buyers, more inventory means more options and more breathing room. In today’s market, buyers don’t have to wait for a price reduction. They have the opportunity to make smart offers below list price. In fact, last month, 41% of buyers got a discount of 5.1% or more.

In a market this nuanced, no two homes are the same. A property’s true value isn’t found in a spreadsheet—it’s found in the details that make it unique. Whether you’re thinking of selling or buying, reach out for a no-nonsense assessment that combines deep local market knowledge with a bespoke analysis of your property’s specific signature.

Understanding the Data

Active Listings are homes that are currently on the market and available for sale. This is the pool of options that buyers can choose from at any given time.

Under Contract (also referred to as Pending or In Escrow) means a buyer and seller have agreed on a deal. From there, it usually takes 30–45 days to complete inspections, finalize financing, and close the sale.

Closed Sales represent homes that have completed the entire sales process. The buyer and seller have fulfilled all conditions, funds have been transferred, and the property has officially changed ownership.

Expired indicates a home was on the market, but the listing agreement expired and the home failed to sell.

Months of Supply is one of the most reliable indicators for gauging the balance between supply and demand in any housing market. It measures how long the current inventory would last at the existing sales pace—expressed in months, not the number of homes for sale. About seven months of supply is considered a balanced market. When supply falls below that level, it becomes a seller’s market where prices tend to rise; when it rises above, it shifts to a buyer’s market where prices may decline. The further Months of Supply moves from this midpoint, the stronger those price movements tend to be.

Market Trends – November 2025

Sold Properties – November 2025

You can download a detailed spreadsheet of last month’s sales data—including final sold prices, original list prices, price reductions, previous sales dates, percent appreciations, and more—by clicking here.

Please reference the following info to help you understand the spreadsheet:

*Sold without being listed on the Multiple Listing Service (MLS).

†Missing data for the % Increase, Last Sold Price, and Last Sold Date because there was no prior sale as a completed property.

§Previous sale was a foreclosure transfer/trustee sale.

When you encounter a negative number for % OFF LAST PRICE and % OFF ORIGINAL PRICE, this means the sales price was higher.

REO – Real Estate Owned/Bank Foreclosure

DOM – Days on Market