Speaking of things to look forward to, the market continues to be active however, it is shifting in interesting ways. Check out the numbers below and note that sales are a virtual dead heat from last year; prices are up, and days to sell are down. Also, for prices under $560,000 sales are down noticeably but sales over this $560,000 mark are up 43% and over the $1M price, up 22% from March of 2016 to make up for the drop elsewhere.
If you are presently selling or trying to buy, these numbers come as no surprise. This is a Seller’s market and has been for some time. The nice thing about this time of year is that more listings come onto the market every day.
Here are some numbers for March 2017:
March Solds 635 637
YTD Sold 1,317 1,313
Res. Prices-Mar. Avg $566,762 $640,513 Up 13%
Res. Prices-Mar. Median $518,000 $598,500 Up 15.5%
New Listings-Mar. 1,130 1,069
Days to Sell 57 45
Average Prices for Mar. 2017