Sales and pending sales were both very strong in April!
Single-Family:
Single family sales jumped 30%. The average sales price rose 9% as compared to a year ago while the median sales price increased 10%. Pending sales jumped 26%. The number of new listings fell 18% and with all the sales the active listings declined by 36%. The months of inventory now stands at 0.6 months. In over 30 years in the real estate business I have never seen a shortage of houses like this!
Sales: 182
Average Sales Price: $171,620
Median Sales Price: $154,500
Pending Sales: 225
New Listings: 198
Active Listings: 95
Months of Inventory: 0.6
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