Posted on March 4, 2025 by Sherlock Homes Real Estate Team
As winter winds down and we inch closer to spring, the Columbia Valley real estate market has shown some interesting shifts. While February typically sees a slower pace, this month brought a mix of declining prices, faster sales, and a steady inventory increase. Here’s what you need to know about the latest trends and how they may impact your real estate decisions.
Inventory Expands, Providing More Options for Buyers 📈🏡
February ended with 223 active listings, an 8.25% increase compared to last year. This steady growth is helping create a more balanced market, giving buyers more selection and negotiating power. The Months Supply of Inventory (MSI) also grew by 9.03% to 6.4 months, indicating a slightly slower absorption rate as listings outpaced sales.
Prices Experience a Seasonal Dip 📉💰
For the first time in months, we saw a moderate price decline:
Average List Price: $498,777 (-9.15% YoY)
Average Sale Price: $483,331 (-7.75% YoY)
While prices softened, the sale-to-list price ratio increased to 97.55%, meaning sellers are still achieving strong returns close to their asking price.
Homes Selling Faster Despite Fewer Sales ⏳🚀
26 properties sold, down 13.33% from last February.
Homes sold in an average of 60.81 days, a 30.72% decrease in Days on Market (DOM) from 87.77 last year.
This means that while fewer transactions took place, serious buyers were quick to act on well-priced properties.
New Listings Slightly Decline But Remain Strong 🏠✨
65 new listings hit the market, down 13.33% from last year’s 75.
Despite this drop, new inventory levels remain above the 5-year average, suggesting sellers are still confident in listing their homes.
Key Takeaways: What This Means for You 🔑
🔹 Buyers: Prices have cooled slightly, and inventory is rising, giving you more negotiating power. With homes selling faster, act quickly when you find the right property!
🔹 Sellers: Although prices dipped, well-priced homes are moving quickly. Ensuring your home is competitively priced and showcasing its best features will help you attract serious buyers.
Looking Ahead: Spring Surge Incoming? 🌷🏡
As we transition into spring, we often see an increase in market activity. If you’re considering buying or selling, now is a great time to plan your next move with expert guidance.
At Sherlock Homes Real Estate Team, we’re here to help you navigate the market with confidence. Whether you’re looking for a new home or preparing to sell for top dollar, let’s make the most of this season together!
Ready to Make a Move? Let’s Talk! 📞
📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com
📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com
✨ Thinking about buying or selling? Let’s make your next move a successful one! 🚪🔑
