The overview below shows real estate activity from January 2025 to August 2025. You will see data comparisons between August and the previous month, the last three months and August 2024.
Average & Median Sales Price
The median sales price in August 2025 was $2,500,000, up 78.57% from $1,400,000 from the previous month and 62.07% higher than $1,542,500 from August 2024. The August 2025 median sales price was at its highest level compared to August 2024 and 2023. The average sales price in August 2025 was $2,500,000, up 80.67% from $1,383,714 from the previous month and 64.74% higher than $1,517,500 from August 2024. The August 2025 average sale price was at its highest level compared to August 2024 and 2023.
Sales Price / List Price Ratio
The sales price/list price ratio is the average sale price divided by the average list price for sold properties expressed as a percentage. If it is above 100%, homes are selling for more than the list price. If it is less than 100%, homes are selling for less than the list price. The August 2025 sales price/list price ratio was 96.53%, down from 99.6% from the previous month and down from 98.66% from August 2024.
Number of Properties Sold & Absorption Rate
The number of properties sold in August 2025 was 1, down -85.71% from 7 from the previous month and -75.00% lower than 4 from August 2024. The August 2025 sales were at its lowest level compared to August 2024 and 2023. Absorption rate is the avg number of sales per month divided by the total number of available properties.
Average Days on Market
The average days on market (DOM) is the number of days a property is on the market before it sells. An upward trend in DOM tends to indicate a move towards a buyer's market, a downward trend tends to indicate a move towards seller's market. The DOM for August 2025 was 25 days, down -53.70% from 54 days from the previous month and -45.65% lower than 46 days from August 2024. The August 2025 DOM was at its lowest level compared with August 2024 and 2023.
Average Sales Price per Square Foot
The average sales price per square foot is a more normalized indicator for the direction of property value. The sales price per square foot in August 2025 was $765, up 21.24% from $631 from the previous month and 15.21% higher than $664 from August 2024.
Inventory & MSI
The number of properties for sale in August 2025 was 21, up 10.53% from 19 from the previous month and 200% higher than 7 from August 2024. The August 2025 inventory was at its highest level compared with August 2024 and 2023. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2025 MSI of 21 months was at its highest level compared with August 2024 and 2023.
New Listings
The number of new listings in August 2025 was 6, down -14.29% from 7 from the previous month and 50.0% higher than 4 from August 2024. The August 2025 listings were at its highest level compared to August 2024 and 2023.