Strong Spring Momentum Continues with Increased Activity and Faster Sales
Market Snapshot (May 2026)
- Active Listings: 40
- Pending Listings: 22
- Closed Sales: 11
- Average Sold Price: $424,627
- Average Days on Market (Closed): 23
- Average $/Sq Ft (Closed): $168.24
- Close to Original List Price: 97.09%
- Average DOM (Active Listings): 48
- Average $/Sq Ft (Active): $180.13
What We’re Seeing
Siena’s spring market hit its strongest stride yet in May. We saw a significant increase in inventory with 40 active listings, robust buyer demand with 22 homes under contract, and 11 closed sales. This represents the most active month of 2026 so far and shows the market transitioning into full spring mode.
Activity Is Strong Across the Board
The numbers this month tell a clear story of healthy engagement. The pipeline of 22 pending homes against 40 active listings demonstrates that buyers are actively evaluating options and committing to purchases. Eleven closings this month, combined with the strong pending activity, confirms that demand is keeping pace with the increased supply.
Homes Are Moving Faster
One of the most encouraging developments in May is the improved pace of the market. Closed sales averaged just 23 days on market — a solid improvement from recent months. Active listings are also moving more efficiently at 48 days on market, down from 69 days in April.
Buyers have more choices with the higher inventory, but well-priced and well-presented homes are still attracting timely interest.
Pricing Remains Resilient
Siena continues to show pricing stability with some normal monthly variation.
- Closed sales averaged $424,627 and $168.24 per square foot
- Active listings are holding at $180.13 per square foot
The standout number this month is the 97.09% close-to-original-list-price ratio — one of the strongest we’ve seen recently. This suggests that when sellers price realistically, they are achieving very good results even with more homes available.
The Big Picture for Spring 2026
May reflects a healthy, balanced spring market in Siena. After a slower start to the year, we’re now seeing strong buyer participation, good conversion from pending to closed, and enough new inventory to give buyers meaningful options without overwhelming the market. This feels like a productive seasonal environment where supply and demand are working together more evenly.
The Takeaway
Sellers who prepare their homes well and price them according to current conditions are seeing solid results and faster sales. Buyers have more selection than earlier in the year, but desirable properties are still moving when the numbers make sense. Overall, Siena is in a productive phase where realistic expectations and good decision-making are being rewarded on both sides.
One Last Thought
Real estate is hyper-local — and in Siena, conditions can vary noticeably from one section to another depending on the specific homes coming to market. If you’re thinking about buying or selling this spring, or simply want a clear, data-driven picture of how current conditions affect your home’s value and options, I’m here to help you make smart, informed decisions.
Feel free to reach out anytime.
Kyle Pfaffe | Broker® | 512-636-9707
