Market Report — November 2025

📊 The Big Picture

November continued the cooling trend we have seen this quarter. The data confirms a clear shift towards a buyer’s market, with prices adjusting downward and sales volume slowing significantly compared to last year.

• Average Sold Price: $1,039,458 (Down 6.4% vs. Nov 2024)
• Total Sales: 5,010 (Down 15.8% vs. Nov 2024)
• New Listings: 11,134 (Down 4.0% vs. Nov 2024)
• Days on Market (LRL): 38 Days (Homes are taking 40% longer to sell compared to 27 days last year)

🔍 Key Market Observations

1. Price Correction Brings Opportunity The average price has dipped by over 6% year-over-year. For buyers who felt priced out in 2024, this correction represents a tangible improvement in affordability. We are seeing prices settle at levels that make entry more accessible.

2. Inventory is accumulating While new listings dropped slightly (-4%), the significant drop in sales (-15.8%) means inventory is staying on the shelf longer.

• What this means: Buyers have more choices and less pressure. The frantic pace of “bidding wars” has been replaced by conditional offers and negotiation.

3. Economic Fundamentals are Strong Despite the slow sales, the broader economy is actually performing better than expected. Recent reports indicate strong employment growth and economic expansion. Historically, when job security is high, consumer confidence—and housing demand—eventually follows.

📝 The Bottom Line

The market is currently in a “reset” mode.

• Buyers: You have the leverage. Take your time, do your inspections, and negotiate hard.
• Sellers: Pricing strategy is everything. With homes sitting on the market for an average of 38 days, patience is required.