Market Trends
Total Residential Sales: 8 homes sold (53% decrease Y/Y).
New Listings: 12 new listings (33% decrease Y/Y).
Inventory Levels: 17 active listings (6% increase Y/Y).
Months of Supply: 2.13 months, showing a higher supply compared to the previous year.
Price Trends:
Detached Homes: $811,500 (4% Y/Y increase).
Semi-Detached Homes: $474,800 (9% Y/Y increase).
Row Homes: $501,200 (4% Y/Y increase).
Apartments: $261,000 (6% Y/Y increase).
Total Residential Benchmark Price: $674,800 (0.3% Y/Y increase).
Market Insights
The sales decline suggests a seasonal slowdown or shifting buyer sentiment.
Price appreciation remains steady, despite declining transactions.
Inventory growth is helping ease market tightness, but the demand-supply balance remains a factor.
2025 Real Estate Market Outlook for Edgemont
Stable Price Growth
Expect continued moderate price appreciation, supported by steady demand and limited new supply.
Potential Demand Shifts
Higher borrowing costs and economic factors may influence buyer affordability.
Luxury and high-end properties could see price stabilization, while entry-level homes may experience strong demand.
Inventory & Supply Trends
Inventory levels may increase gradually, providing buyers with more options.
However, if supply remains below historical averages, competition could keep prices elevated.
Market Performance by Property Type
Detached homes will likely remain the most resilient segment.
Row homes and semi-detached properties may see fluctuating demand based on affordability concerns.
Apartment prices may remain stable but depend on investor and first-time buyer activity.
Conclusion
Edgemont's real estate market in 2025 is expected to be balanced but leaning towards a seller’s market in key segments. Price appreciation will likely continue, albeit at a slower pace compared to previous years.
Comments:
Post Your Comment: