Market Watch – April 2018

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  • March sales increased over 100 homes versus February, which is typical as we spring into the busy real estate season. The market continues to be slower than 2017, largely due to a continued limited supply of homes for sale. This is certainly reflected in the days on market number, which trends lower month over month.
  • This inventory tight market is also impacting home values in a positive way, with the average sale price increasing almost 4% versus this time last year. If you are interested in understanding how your home value has been affected, please contact us for a Comparative Market Analysis.
  • Given the pace of this active market, it can be difficult to know what’s happening in your neighborhood. Let us know if you are interested in receiving our Neighborhood Market Update via email, so you have a snapshot of what’s happening in your area!

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