La Pine Market Trends April 2025

The real estate market is currently showing a moderate balance between supply and demand, with a Months Supply of Inventory at 6.23. This indicates that there is slightly more than a 6-month supply of homes available for sale at the current rate of sales.

The 12-Month Change in Months of Inventory has increased by 3.83%, suggesting a slight increase in inventory levels compared to the previous year. This could be attributed to a combination of factors such as new construction, increased listings, or a decrease in buyer demand.

Despite the increase in inventory levels, the Median Days Homes are On the Market is relatively high at 117 days. This could indicate that homes are taking longer to sell in the current market conditions, potentially due to pricing or other factors.

The Sold to List Price Percentage is at a healthy 98.3%, indicating that sellers are typically receiving close to their asking price when selling their homes. This could suggest a competitive market where buyers are willing to pay close to the list price for desirable properties.

The Median Sold Price is $478,500, which provides insight into the current pricing trends in the market. This could be useful for both buyers and sellers to understand the typical price range for homes in the area.

Overall, these metrics paint a picture of a real estate market that is in a state of balance, with moderate inventory levels, slightly longer days on market, but strong seller negotiation power. Buyers and sellers should consider these factors when navigating the current market conditions.