Sales were off but pending sales took a big jump.
Single-Family:
Sales fell 9% in April as compared to a year ago. Based on the pending sales which were up a strong 25% it looks like so sales were just delayed for some reason. The average sales price jumped 24% and the median sales price rose 21%. Had some big dollar sales that drove these numbers up. The number of new listings increased by 3% while the active listings were up 20%. The months of inventory increased to 2 months. 6 months is normally considered a balanced supply.
Sales: 102
Average Sales Price: $494,772
Median Sales Price: $426,250
Pending Sales: 136
New Listings: 162
Active Listings: 189
Months of Inventory: 2
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