Greetings!
New Listings:
New listings (128) decreased 27.3% from the 176 listed in March 2022, and increased 16.4% from the 110 listed in February 2023.
Pending Sales:
Pending sales (126) decreased 18.7% from the 155 offers accepted in March 2022, and increased 20.0% from the 105 offers accepted in February 2023.
Closed Sales:
Closed sales (99) decreased 29.3% from the 140 closings in March 2022, and increased 6.5% from the 93 closings in February 2023.
Inventory & Time on the Market:
Inventory decreased to 2.8 months in March. Total market time increased to 84 days.
Year to Date Summary:
Comparing the first three months of 2023 to the same period in 2022, new listings (364) decreased 21.2%, pending sales (337) decreased 19.4%, and closed sales (282) decreased 26.9%.
Average and Median Sales Prices:
Comparing 2023 to 2022 through March, the average sale price has decreased 8.7% from $352,400 to $321,700. In the same comparison, the median sale price has decreased 6.5% from $320,000 to $299,300.
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.