Monthly Market Report

Monthly totals, trends, and year-over-year comparisons

Monthly Market Report for NIRA as of February 2025.

Supply

Inventory

Average daily inventory
February 2025
1,919
+13% Year-over-year
Year-to-date
1,957
+593% Year-over-year

Supply

New Listings

Monthly total by listing date
February 2025
733
-10% Year-over-year
Year-to-date
1,490
-3% Year-over-year

Sales

Closed Sales

Monthly total of closed sales
February 2025
526
-7% Year-over-year
Year-to-date
1,050
+3% Year-over-year

Sales

New Pending Contracts

Monthly total by pending date
February 2025
731
-7% Year-over-year

Market Momentum

Median Days on Market

Days from listing to pending
February 2025
30
+58% Year-over-year
Year-to-date
34
+42% Year-over-year

Market Momentum

Months of Inventory

Current supply versus 12-month sales average
February 2025
2.6
+17% Year-over-year

Price

Median Sale Price

Median monthly sale price
February 2025
249,900
+9% Year-over-year
Year-to-date
$250,000
+9% Year-over-year

Price

Sale Price as Pct. of List Price

Monthly average
February 2025
93.3%
-2% Year-over-year