Year over year, overall transaction activity softened, with total sales declining 7% (from 437 to 407 closings). While fewer properties changed hands, pricing metrics tell a different story — values continued to strengthen. The average sale price rose 5% to $561,985, and the median price increased 4%, signaling sustained upward price pressure and continued buyer willingness to pay for quality inventory.
Despite the drop in unit sales, total dollar volume only slipped 2% to $228,727,890. This relatively modest decline, compared to the reduction in sales count, underscores the resilience of property values and suggests the market is adjusting in pace rather than in price.
Inventory levels expanded meaningfully. Active listings increased 20%, providing buyers with more options and reducing the intensity seen in previous low-inventory cycles. Pending sales climbed 33%, a notable indicator that demand remains active and engaged, even if transactions are taking longer to close.
Average days on market rose 9% to 164 days, reflecting a more normalized absorption pace. Homes are still selling, but buyers are exercising greater selectivity, and properly priced, well-presented properties are outperforming.
The significant shifts in the highest and lowest recorded sale prices appear to be influenced by outlier transactions in 2024 rather than representing a broad change in market fundamentals. When those extremes are normalized, the core market trend remains steady: fewer sales, stable-to-rising values, expanding inventory, and a gradual shift toward a more balanced environment.
Overall, the data suggests a market transitioning from rapid acceleration to sustainable growth — with pricing stability supported by consistent underlying demand.
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Residential sales were essentially unchanged year over year, moving from 215 to 216 transactions, indicating steady buyer demand despite broader market shifts. Pricing remained relatively stable overall. The average sale price increased 1%to $861,008, suggesting values are holding firm. However, the median price declined 4%, which points to a change in the composition of sales — with a slightly higher concentration of mid-range or lower price-point properties closing compared to the prior year.
Total dollar volume rose 2%, reflecting the market’s overall resilience and continued capital flow into residential real estate. At the same time, market pace slowed. Average days on market increased 20% to 145 days, signaling that buyers are taking more time, being more selective, and negotiating more carefully than in previous cycles.
The highest recorded sale price was lower than the prior year, which appears to be driven by fewer ultra-luxury transactions compared to 2024 rather than a broad-based softening in values.
Overall, the data suggests a stable but more measured residential market, with steady demand, modest price movement, and a shift toward a more balanced, normalized selling environment.
The vacant land segment showed the most noticeable softening year over year. Total sales declined 15%, signaling a pullback in buyer activity compared to the previous year. Pricing also adjusted modestly, with the average sale price down 3% and the median price down 6%, suggesting slight price compression — particularly in mid-range parcels.
Total dollar volume dropped 18%, reflecting the combined impact of fewer transactions and softer pricing. At the same time, average days on market increased 4% to 183 days, indicating land is taking longer to sell as buyers move more cautiously and evaluate opportunities more carefully.
The marked decline in both the highest and lowest recorded sale prices points to the likelihood that 2024 included several larger or atypical land transactions that did not recur in 2025.
Overall, the land market appears to be recalibrating after stronger prior-year activity, with more selective demand and a slower pace of absorption.
