Homes in the three months ending June took a week longer to find buyers than a year earlier, even as sales volume climbed and prices eased.
Active listings fell nearly 12% from a year ago while sales rose 8%, keeping the market tilted toward sellers despite a modest drop in prices.
More homes changed hands in the three months ending June than a year earlier, though buyers waited slightly longer for sellers to accept as prices barely budged.
Even with prices up and sales rising, the typical home now takes weeks longer to find a buyer than it did last spring, signaling a cooler market.
The city's median sale price rose 7.8% year-over-year while sales volume jumped nearly 19%, marking one of the region's stronger spring performances.
The median sale price rose 3.8% over the past year, yet the price buyers paid per square foot fell more than 6%, hinting at a shift toward larger homes.
Active inventory rose nearly 7% from a year ago even as buyers snapped up more homes, giving shoppers a wider selection in an otherwise tight market.
Sales climbed 21% from a year ago while prices fell nearly 10%, giving buyers more room even as the market stayed tight.
Sales volume in the college town rose 5.2% year-over-year and jumped nearly 14% from the prior period, defying a modest slide in the median sale price.
The City Council gave final approval to updated zoning and subdivision rules, hired a consultant to plan for future housing, and cleared a lot line for a Sierra Vista apartment project.