Inventory is rising, sales are slowing, and buyers are gaining more negotiating power. Overall sales volume is down 31% from last year, which means we’re in a more balanced market—one that rewards strategy, not just timing. Whether you’re buying or selling, it’s all about positioning.

For investors and savvy buyers, this environment opens up some interesting possibilities. Condo sales are down over 34%, and days on market have nearly doubled. There’s now close to 15 months of inventory, and the median price has dipped to $795K.

Vacant land has seen the sharpest correction, with prices down 43% and sales down almost 50%.

Single-family homes, which have been relatively steady, are showing signs of change. While the median price is still strong at $1.295M, sales have dropped 20%, and listings are staying on the market longer. That doesn’t mean it’s a bad time to sell—it just means sellers need a smarter approach. With the right pricing, presentation, and local expertise, homes are still moving—and often at strong prices.