March Residential Highlights:
New listings (176) decreased 5.4% from the 186 listed in March 2020, and increased 28.5% from the 137 listed in February 2021. Pending sales (186) increased 31.0% from the 142 offers accepted in March 2020, and increased 40.9% from the 132 offers accepted in February 2021. Closed sales (148) increased 14.7% from the 129 closings in March 2020, and increased 54.2% from the 96 closings in February 2021.
Inventory and Time on Market:
Inventory decreased to 1.0 months in March. Total market time increased to 77 days.
Year to Date Summary:
Comparing the first three months of 2021 to the same period in 2020, new listings (468) decreased 9.1%, pending sales (438) increased 3.1%, and closed sales (347) decreased 4.9%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through March, the average sale price has increased 25.4% from $239,400 to $300,300. In the same comparison, the median sale price has increased 18.8% from $223,000 to $265,000.
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.