Real Estate Market Update – April 2018
The prime home selling and home buying season is here. Spring has provided more new listings, and we are seeing increased Buyer and Seller activity. By the numbers, the inventory of available homes for sale is 4,218 homes at March month end, 5,904 homes came onto the market, 4,625 homes went under contract, and 4,247 homes closed at a median sold price of $404,000 and an average sold price of $460,843 resulting in a closed dollar volume of $1.957 Billion. Be prepared to see several mortgage interest – rate increases through the remainder of the year. As a Seller or a Buyer, be prepared as the prime season will be creative, a market frenzy, and a prime home market. Overall, price appreciation and active listings remain a market factor.
For the full report, Click here.
If you are interested in the luxury real estate market, you can view that report here.