What's the market like in Singer Island?

Market Activity & Demand

• The overall pending ratio is 9%, which signals moderate buyer activity relative to available inventory.
• Average days on market (DOM) for active listings is 119, while sold properties averaged 102 DOM, indicating that homes are taking about 3–4 months to sell on average.

Pricing Trends

• The average active list price is $967K, with the average sold price at $724K.
• Properties are selling at 95.3% of their final list price, which means sellers are achieving close to their asking prices after adjustments.
• The average sale-to-original list price ratio is 90.9%, suggesting some negotiation from the original list price is common.

Inventory & Supply

• Months’ supply is at 6.9, which is close to a balanced market (neither strongly favoring buyers nor sellers).
• About 4,199 homes are closing per month on average over the past 6 months, showing steady transaction volume.

Advice for Your Clients

• For sellers: Homes are moving, but expect some negotiation. Pricing competitively and preparing the property well will help reduce time on market.
• For buyers: There’s decent inventory, but homes are still selling near list price, so lowball offers are less likely to succeed.