April Residential Highlights:
New listings (222) increased 4.7% from the 212 listed in April 2021, and increased 26.1% from the 176 listed in March 2022. Pending sales (164) decreased 10.4% from the 183 offers accepted in April 2021, and increased 5.8% from the 155 offers accepted in March 2022. Closed sales (134) decreased 6.3% from the 143 closings in April 2021, and decreased 4.3% from the 140 closings in March 2022.
Inventory and Time on Market:
Inventory increased to 1.7 months in April. Total market time increased to 39 days.
Year to Date Summary:
Comparing the first four months of 2022 to the same period in 2021, new listings (688) increased 0.7%, pending sales (573) decreased 6.1%, and closed sales (529) increased 7.1%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through April, the average sale price has increased 18.6% from $294,000 to $348,600. In the same comparison, the median sale price has increased 20.5% from $265,500 to $319,900.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.