This was a super interesting week, with several data points requiring additional context.
Of the 11 new listings, two entered the market in Coming Soon status, and one returned after falling out of contract. While weekly inventory can fluctuate, this mix is a helpful reminder that not all “new” listings represent entirely fresh opportunities.
Under contract activity offered a notable signal at the upper end of the market. Three of the six properties that went under contract were priced between $3.75M and $4.2M, reinforcing continued engagement among luxury buyers.
The closed data tells a similar story in terms of nuance. The reported average days on market of just 3 days is unusually low and largely driven by two off-market transactions that were entered in BrightMLS for comparable purposes. As a result, this figure does not reflect typical on-market exposure.
As always, while the data provides a helpful snapshot of activity, understanding the context behind the numbers is essential to interpreting current market conditions.
For my most recent longer-term analysis, click here.
Sylmarie "Syl" Trowbridge 