Evergreen Real Estate Market Summary – January 2025

Market Trends

• Total Residential Sales: 15 transactions (46% decrease Y/Y).

• New Listings: 29 new listings (4% increase Y/Y).

• Inventory Levels: 34 active listings (113% increase Y/Y).

• Months of Supply: 2.27 months, indicating a more balanced market.

• Price Trends:

  • Detached Homes: $749,000 (9% Y/Y increase).

  • Semi-Detached Homes: $545,200 (9% Y/Y increase).

  • Row Homes: $422,000 (8% Y/Y increase).

  • Apartments: $328,200 (7% Y/Y increase).

  • Total Residential Benchmark Price: $610,000 (6.6% increase Y/Y).

Market Insights

• Sales declined sharply, signaling potential affordability concerns or seasonal trends.

• Inventory levels have increased significantly, easing supply constraints.

• Prices continue to rise, driven by steady demand, despite fewer transactions.

2025 Real Estate Market Outlook for Evergreen

1. Market Shift Towards Balance

   • With increasing inventory and supply, the market may transition from a seller’s market to a balanced market.

2. Continued Price Growth, but at a Slower Pace

   • Prices will likely appreciate moderately, supported by strong detached home demand.

3. Interest Rate & Affordability Considerations

   • If borrowing costs remain high, entry-level homes and apartments may see stronger demand.

   • Luxury segments may stabilize, with longer selling times due to affordability challenges.

4. Stronger Competition for Sellers

   • With more inventory available, sellers may need to price strategically to attract buyers.

Conclusion

Evergreen’s real estate market in 2025 will likely see more balance between supply and demand. Price growth should remain positive, but sellers may need to adjust expectations as inventory increases.