Watertown-Fort Drum, NY

The current market dynamics suggest a more measured pace of transactions. While demand remains present, evidenced by a pending ratio of 0.58, the increase in active listings provides more options for prospective purchasers. This environment generally encourages price discipline from sellers due to broadened inventory selection.

The average listing price increased by 7.3% over the past year, contrasting with a 1.8% decline in the median listing price, and a modest 0.8% increase in median $/sqft. This divergence suggests some pressure at the higher price tiers, where larger properties may be experiencing varying demand dynamics.

472 active listings represent the current floor, with new supply arriving at roughly 120 per month.

of active listings carry a price reduction, -1.3% from prior period.

Median price per square foot has moved +0.8% year-over-year.

Pending-to-active ratio — Stabilizing.