Trending In The Right Direction

Just the facts, in my opinion

In market news:
- Single-family home inventory rose from 405 to 430, not a lot but trending in the right direction (interest rates have helped.) This should be closer to 6,000
- Days on market for April were at 15 days, down from 19 in March. April 2021 was at 33 days for comparison.
- Average sales price for April was 909K, up from 839K in March. April 2021 was at 741K.
- Median sales price for April was 595K, up from 570K in March. April 2021 was at 525K.
- Sales pace is slower again. 19% down from April 2021 and 15% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021.
- April also saw the sales price exceed the asking price at 101.4% of the list price.

As always, call me for any reason and I'll be happy to help!

- Thomas D.