Published on April 12, 2016
Per GRAR - There are no surprises in this month's housing inventory report. Pending sales are up by nearly 4%, the average sale price is up, and listings are down, all of which contributes to the continuing lack of adequate housing inventory to meet buyer demand. The average home sale price based on closed sales for the first quarter of 2016 is $178,667, a 10% increase over the same period last year. For the buyer who is flexible, creative and willing to find alternative housing options if their existing home sells before they find a new one, they will be in the best position to purchase!