Conway, MA

The Conway market is currently exhibiting accelerated conditions, characterized by strong demand relative to available inventory and notable price shifts. While the median listing price has seen a substantial year-over-year decline, the pending ratio indicates a highly active market with properties moving quickly.

The median listing price currently stands at $449,900, representing a significant year-over-year decrease of 41.8% and a month-over-month decline of 13.8%. Despite this, the market shows robust activity. Active listings have doubled year-over-year, now totaling 4. However, with no new listings reported in the most recent period, available inventory remains constrained. Properties are moving swiftly, evidenced by a median days on market of 32, a 49.6% reduction compared to the previous year. The median price per square foot has increased by 4.5% year-over-year, reaching $266. The pending ratio of 0.75, an increase of 25.0% year-over-year, further underscores the rapid absorption of listings.

The elevated pending ratio of 0.75 suggests that available inventory is insufficient to meet current demand, placing upward pressure on the pace of transactions. The significantly reduced median days on market further indicates properties are entering contract quickly, limiting buyer options and potentially requiring swift decision-making. While the year-over-year decline in median listing price suggests price discipline may be present, the rapid absorption rate indicates a competitive environment for buyers.

The average listing price of $474,580 significantly exceeds the median listing price of $449,900, indicating a segment of higher-value properties influencing the overall market. At the top end, the median price per square foot is $266.