Are buyers active in Ada?

There is still some buyer activity in Ada right now, but it's a bit slower than before. Homes are selling, and some buyers are making offers. However, recent trends show fewer homes are going under contract. Overall, fewer new contracts are being signed compared to the number of homes available. The median listing price is $200,000, which is 10.0% lower than the previous month and 23.1% lower than the same time last year. This suggests that prices have come down significantly, which could attract some buyers looking for deals. Homes are staying on the market for a median of 60 days, which is 14.3% faster than a year ago. This quicker pace indicates that buyers are still engaging and making purchase decisions, even with fewer new listings. There are 56 homes currently pending sale, and the pending ratio is 0.51. This ratio means that for every 100 active listings, 51 are under contract. This pending ratio is 5.9% lower than last year, suggesting that while buyers are active, the rate of new contracts has slowed down. For buyers, this could mean less competition than a year ago, with more opportunities to negotiate on price. There are also fewer new listings coming to market. There were 40 new listings in the most recent month, but this is a 6.8% decrease in overall active listings compared to last year. This means there are fewer homes to choose from, but the reduced pending ratio suggests a more balanced market for current buyers. If you're looking to buy in Ada, you might find some good values due to lower prices and a slightly less competitive environment than before.