Greetings!
March Residential Highlights:
New listings (176) matched the 176 listed in March 2021, and increased 21.4% from the 145 listed in February 2022. Pending sales (155) decreased 16.7% from the 186 offers accepted in March 2021, and increased 11.5% from the 139 offers accepted in February 2022. Closed sales (140) decreased 5.4% from the 148 closings in March 2021, and increased 22.8% from the 114 closings in February 2022.
Inventory and Time on Market:
Inventory decreased to 1.3 months in March. Total market time decreased to 38 days.
Year to Date Summary:
Comparing the first three months of 2022 to the same period in 2021, new listings (462) decreased 1.3%, pending sales (418) decreased 4.6%, and closed sales (386) increased 11.2%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through March, the average sale price has increased 17.3% from $300,300 to $352,400. In the same comparison, the median sale price has increased 20.8% from $265,000 to $320,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
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.