Months of Inventory jumped from 6.97 in September to 7.90 in October, a sharp one‑month rise and well above October 2024 (6.79). That’s a meaningful loosening in just 30 days.

Compared to history, October inventory is extremely high (about 65% above the long‑term October average), reinforcing that we’re in a clear buyer‑leaning market, not a tight seller’s market.

Buyers now have more choice and stronger negotiating power. Sellers must price aggressively and be prepared for longer days on market or to offer concessions to get deals done.

Supply eased slightly this month, slipping from 467 to 458 active listings, but it’s still well above both last year and the historic October average. That means buyers have more choices than normal for this time of year, even as selection tightens a bit versus September.

Demand continues to cool. Pendings dropped from 49 in September to 43 in October, running below both last year and the long‑term norm.

Taken together, the market is drifting further in buyers’ favor: more inventory than usual, fewer deals getting signed, and sellers needing to compete on price and terms.

Appreciation has clearly shifted from slight year-over-year declines in mid-2024 to steady gains in 2025. After negative or near‑zero readings last year, 2025 has delivered positive appreciation every month since March, with October up 3.65% and the median price rising to $359,219.

Month to month, prices have bounced around but are generally edging higher: a dip from June’s peak to September, then a renewed push up in October.

This puts today’s market in a “slow‑grind up” phase. Sellers regain leverage, while buyers face less urgency than in 2021–22, but more than last year.

Buyers are gaining leverage as sales volume drops 11.55%, months of inventory climbs to 7.9, and both average and median days on market jump by about 2–3 weeks. You now have more choices, more time, and room to negotiate, even as prices run higher. Focus on homes that have been sitting 60+ days and target list-to-sale gaps around the -1.52% mark or better.

Sellers are benefiting from clear price strength: median price is up 12.12%, price per square foot is higher, and appreciation swung from -0.98% to 3.65%. Well-priced homes are selling closer to asking, but rising expirations show buyers will walk away from overpricing.