April2016 Market report

Michelle Gordon

Published on May 21, 2016

April stats show that only 1.3 months of inventory continues to make it a great market for sellers and an exercise in frustration for many buyers. Despite fewer listings, the number of sales continues to rise when compared to the same time last year (when inventory was at 2.1 months). This continues to put upward pressure on pricing -- the average sale price of a home based on closed sales through April is $181,286, an 8.8% increase over the same period last year. Another reminder for our clients that it's a great time to list their home!