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Help me understand this data and what its saying besides the obvious

I pulled this from NWMLS data and tried to take screenshots but I realized i can't upload a photo.

This data is comparing Last November to this November. So it should eliminate any seasonality. It is for the county i live in.

Data point 2024 2025
Active listings 887 1236
New listings 538 485
Pending Sales 682 643
Sold Listings 682 573
Months of Inv. 1.3 2.2
Median Sale Price 783975 750000
  1. So active listings has gone up by 50% but new listings are down 10%
  2. Pending sales vs sold listings for 2024 was 1:1 but in 2025 its 90%
  3. Months of inventory has almost doubled, but it still very low
  4. median price has dropped by 4.5%

It looks like sales are slowing, inventory is growing and prices are dropping. Or is the data saying something I am missing?

submitted by /u/loki_stg
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1pnwe60/help_me_understand_this_data_and_what_its_saying/
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