HUNTINGTON BUYERS KEEP SIGNING: Pending Listings Rise as Asking Prices Ease
The Huntington-Ashland housing market sees sustained buyer interest as median listing prices continue their year-over-year decline.
Trend · last 12 months
Pending Ratio
0.61 +6.6% / 12mo
Active Listings
730 +6.7% / 12mo
Median List Price
$212k -7.6% / 12mo
What happened
Huntington-Ashland’s housing market continues to present a nuanced picture, with median listing prices dropping by 5.6% year-over-year to $212,450. This is accompanied by a significant 9.9% year-over-year decrease in average listing prices. Despite these price adjustments, buyer activity remains notably strong, with the Buyer Demand Index holding at 61%.
Over the past year, the number of active listings has increased by 8.2% to 730 homes, offering buyers more choices. However, new listings have decreased by 9.0% over the same period, suggesting that while more homes are on the market overall, the rate of fresh inventory entering the market has slowed. Properties are also staying on the market longer, with the median days on market rising 16.2% year-over-year to 56 days. Concurrently, a significant 20.4% of listings have undergone a price reduction, up 2.4% from a year ago.
Why it matters
The ongoing decline in listing prices, particularly the sharper drop in average listing prices compared to median, signals a strategic adjustment by sellers and potentially an increasing affordability for buyers. This market behavior contrasts with a slowing pace of new listings, suggesting that existing inventory, priced more competitively, is being absorbed by current demand. The consistent 61% Buyer Demand Index indicates that buyers are actively participating, likely encouraged by the more favorable pricing landscape. This balance prevents a significant build-up of inventory despite slower absorption times.
The divergence between a year-over-year decrease in median listing price (-5.6%) and a modest increase in median price per square foot (2.1%) also suggests that larger, potentially higher-priced homes are seeing more significant price adjustments, while smaller or more efficiently priced homes maintain their value on a per-square-foot basis. This creates opportunities for buyers across different segments.
Intra-metro dynamics highlight specific areas of high demand. For instance, Adams, KY (41201) and Hamlin, WV (25523) show exceptionally high Buyer Demand Indices of 300% and 200% respectively, albeit with very low inventory. Conversely, Tutor Key, KY (41263) and Sandy Hook, KY (41171) exhibit much cooler buyer activity, with Tutor Key having a 0% Buyer Demand Index. This emphasizes the hyper-local nature of market conditions within the broader Huntington-Ashland area.
What to watch
* Median listing prices: Will they stabilize or continue to decline?
* Buyer Demand Index: Can it hold above 60% through the fall?
* Price reductions: Is the share of reduced listings peaking?
* Active listings: Will new inventory inflows pick up pace?
Frequently Asked
What readers ask about this market
Methodology
Primpted Research combines publicly available housing market data, demographic information, economic indicators, public records, and proprietary analysis to identify housing market trends. Our research incorporates data from sources including Realtor.com® Economic Research, the Federal Reserve Bank of St. Louis (FRED), the U.S. Census Bureau, and other public datasets, together with Primpted's own methodology.
The Pending Ratio measures the relationship between homes under contract and homes actively listed for sale, providing an indicator of current buyer demand.
The Sold Score is Primpted's proprietary market strength indicator. It combines multiple housing market signals—including pending activity, inventory trends, days on market, and price reductions—to estimate the relative strength of seller conditions within a local market.