Summary answer: Somewhat, honestly — price growth has genuinely cooled from a sharp 30.9% year-over-year spike in early 2025 to essentially flat pricing by mid-2026, though the market's pace and competitiveness (3-4 average offers, "most competitive" rating) remain genuinely strong.
I'm Johnny with JQ Real Estate. Let me break down what's actually behind this, honestly.
The numbers that tell the real story
| Indicator | Reading |
|---|---|
| Median sale price (Feb 2025) | $860,000, +30.9% YoY |
| Median sale price (mid-2026) | $700,000, essentially flat YoY |
| Average offers received | 3-4, still genuinely strong |
Why this is genuine normalization, not a downturn
Price growth cooling from an unsustainable spike to flat pricing while pace and competition remain strong points to a market settling into a more sustainable rhythm.
Let's talk about your specific timing
Reach out and let's talk through what this means for your specific property, honestly.
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