Numbers took another positive turn through the end of March. Average sales price is up for the second month in a row after a seven month decline. Closed sales were also up for the second month in a row. Buyers seem to be getting used to the "new normal" with higher interest rates. Lenders are also being more creative with different loan options. Inventory stayed basically the same as the previous month even as we enter the Spring selling season. This coupled with more sales have led to the increased average sales price and lower days on the market which came in at 20 days, seven less days than the previous month. Stay tuned for next months update!
https://fmls.stats.showingtime.com/infoserv/s-v1/JdLr-Mg1
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https://fmls.stats.showingtime.com/infoserv/s-v1/JdL4-6qq