As we enter the Spring market we are starting to see some more normal numbers compared to previous months. The average sales price crept up slightly from the previous month but is up $30k from this time last year. Pending sales are also up as homebuyers start to come out of their Winter hibernation. The stat that really jumps out this month is average days on market. It dropped from 26 days down to 15 days over the past 60 days. As usual interest rates will be a key factor to watch. If rates come down this should get a lot of buyers off the fence and in turn could drive prices up further. Stay tuned for next months update!
If you ever have questions about the market, your home value or need a real estate related referral don't hesitate to reach out to us.
http://fmls.stats.showingtime.com/infoserv/s-v1/pKXt-kk4
http://fmls.stats.showingtime.com/infoserv/s-v1/pKy0-Qei
http://fmls.stats.showingtime.com/infoserv/s-v1/pKy4-06G
http://fmls.stats.showingtime.com/infoserv/s-v1/pKyI-msG