Non-waterfront Residential
Months of inventory for non-waterfront residential properties numbered 9.5 at the end of the first quarter of 2025, up from the 6.1 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, non-waterfront properties spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold non-waterfront properties was 40 in the first quarter of 2025, up from 31 days in the first quarter of 2024.
Waterfront
Months of inventory for waterfront properties numbered 19.7 at the end of the first quarter of 2025, up from the 9.7 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a more balanced market, waterfront properties spent more time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold waterfront properties was 51 in the first quarter of 2025, up from 29 days in the first quarter of 2024.
