Market speed is a key factor in determining buyer competition and seller leverage. If homes are selling quickly, buyers must act fast and submit strong offers, while sellers benefit from shorter listing times and potential multiple offers. If homes are staying on the market longer, buyers gain negotiating power, and sellers may need to adjust pricing or offer incentives.
This analysis focuses on listings per day and days on market (DOM) to assess how quickly homes are moving in Pasco as of January 2025 (last full month) and February 2025 (current month).
Pasco Market Speed: January vs. February 2025
New Listings Per Day
- January 2025: 0.97 new listings per day (30 total listings)
- February 2025: 0.28 new listings per day (8 total listings so far)
Key Takeaway: The number of new listings has dropped significantly in February, reducing available inventory. This shift makes competition for homes tighter, favoring sellers.
Homes Sold Per Day
- January 2025: 0.48 homes sold per day (15 total sales)
- February 2025: 0.65 homes sold per day (13 total sales so far)
Key Takeaway: Sales velocity has increased in February, even with fewer new listings entering the market. This suggests strong buyer demand despite limited options.
Average Days on Market (DOM)
- January 2025: 172 days on market
- February 2025: 144 days on market
Key Takeaway: Homes are still taking a long time to sell, but the average DOM is decreasing, indicating a gradual shift toward faster transactions.
Median Days on Market (DOM)
- January 2025: 72 days on market
- February 2025: 135 days on market
Key Takeaway: The median DOM has increased, meaning some homes are still sitting longer on the market, likely due to pricing misalignment or buyers being more selective.
What This Means for Buyers and Sellers in Pasco
For Buyers:
- Fewer new listings in February mean tighter inventory, increasing competition for available homes.
- Despite fewer new listings, homes are still taking time to sell, so there may be some room for negotiation.
- Be prepared to move fast on well-priced homes but be strategic in price negotiations on higher DOM properties.
For Sellers:
- Less competition from other listings gives sellers an advantage.
- Some homes are still sitting on the market longer, so accurate pricing is essential.
- Homes priced competitively are selling faster, making this a good time to list.
Final Thoughts: Is the Market Speeding Up or Slowing Down?
Pasco’s market shows mixed signals. While new listings have dropped sharply and homes are selling slightly faster, some properties are still sitting on the market for extended periods. This means buyers must act quickly for in-demand homes, but some negotiating power remains for properties that have been listed for longer periods.
If you are considering buying, be strategic with your offers and move fast on well-priced homes. If you are considering selling, now is a great time to list, as new inventory remains low.
Need Help Navigating the Market?
For expert guidance on buying or selling in Pasco, reach out to ryan@kenmoreteam.com or call 509.987.4544. Understanding how quickly homes are selling can help you time your move effectively and secure the best deal.
This analysis provides a data-driven look at how quickly homes are moving in early 2025. Let me know if you need any refinements.