No slowdown here!
Single-Family:
Sales increased 18% in March as compared to the same time last year. The average sales price rose 6% while the median sales price climbed by 9%. Pending sales jumped a whopping 36% assuring us that april will be a good month. There was a 14% increase in the number of new listings and a 4% rise in the active listings. The months of inventory now stands at 2.5 months. We are a long way from the 6 months that is considered a balanced supply.
Around 40% of the sales are concentrated in the price range of $200,000 to $399,999. It's very hard to find a home in the $100,000 to $199,000. The months of inventory in this price range is about 1.2 months. Once you get above $400,000 there are a lot more properties to chose from.
Sales: 8,995
Average Sales Price: $267,708
Median Sales Price: $215,000
Pending Sales: 10,323
New Listings: 11,750
Active Listings: 17,158
Months of Inventory: 2.5
Average Sales Price: $267,708
Median Sales Price: $215,000
Pending Sales: 10,323
New Listings: 11,750
Active Listings: 17,158
Months of Inventory: 2.5
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