Cumby Home Values

Sixty-five days — that's the median time to close for homes in Cumby this quarter, a sharp compression from the 90-day pace set over the trailing year and a continuation of the faster turnaround building since spring. Price per square foot, based on MLS data for 2026-09 closings in Cumby, settled near $116, a discount to the twelve-month figure near $162, while the typical sale price slid to roughly $190,000. Concessions grew more common, attached to fully half of closings versus about a third over the trailing year, even as sellers collected a touch more of original asking than the year-long norm. With only 14 closings recorded, the quarter's figures carry a wider-than-usual confidence interval.

New listing activity in Cumby continued to outpace pending contract formation this quarter, with just three pending deals against a new-listings pace still running above the trailing-year average, widening the gap between homes coming onto the market and buyers signing contracts. Months of supply held near eleven, a level that keeps negotiating conditions squarely in buyers' favor even as active inventory stayed flat at 51 homes. With pending activity this thin, the pipeline suggests the recent pickup in closing speed may be harder to sustain without a rebound in contract formation.

Sellers in Cumby gave up more ground at the negotiating table this quarter, with concessions attached to nearly half of all closings — up sharply from roughly a third over the trailing year — and the average giveback climbing toward eight thousand dollars. Price per square foot came in near $133 based on MLS data for 2026-08 closings in Cumby, a discount to the twelve-month figure near $167. Sellers still collected roughly ninety-five cents on the dollar at closing, essentially unchanged from the year-long average, even as fewer homes settled below original asking. With just 21 closings this quarter, the tilt toward heavier concessions carries a wider-than-usual confidence interval, but it points toward sellers ceding leverage.

Pending contracts in Cumby thinned to just three this quarter, a fraction of the pace the trailing year established, while active inventory held flat at 46 homes and months of supply eased to roughly six and a half — down from a double-digit reading a year earlier. The widening gap between steady active listings and a thin pending count suggests sellers may need to keep sweetening terms to convert interest into signed contracts as the pipeline heads into fall, extending the leverage shift now showing up at the closing table.

For the second consecutive quarter, home sales in Cumby closed at a faster clip than the trailing year typically produced: 23 transactions this period against a pace closer to a dozen a quarter over the twelve-month baseline. Time to close kept compressing too, with the median landing at 81 days, down from 92 across the full year. Based on MLS data for 2026-07 closings in Cumby, price per square foot came in near $140, a discount to the twelve-month figure near $170, even as fewer sales closed below original asking than the year-long average — roughly a third this quarter versus closer to half over the trailing year.

The forward pipeline complicates the picture: pending contracts fell to just a dozen, well below the average pace of pending activity typical over the trailing year, even as new listing flow held roughly steady and active inventory stayed effectively unchanged. Months of supply contracted to a little over six, tightening from a year-long average near eleven, though supply still comfortably favors buyers over sellers. With contract formation lagging well behind the recent tightening in supply, the current pace of absorption may prove difficult to sustain without a rebound in pending activity in the coming weeks.