4.12.22 Market Update
Today brought 8 new closings. The median sales price exceeded the original listing price by just .9%, going against the recent local trends.
Today brought 8 new closings. The median sales price exceeded the original listing price by just .9%, going against the recent local trends.
The first quarter saw a 22% drop in home sales while the lack of supply drove sales prices up 15% from the end of Q4 2021. Below are the Q1 stats:
Homes sold- 256
Median SQFT/Home- 2061sqft
Median Year Built- 1984
Median Acres- .17 Acres...
Coming off a strong weekend of active inventory, the new week begins with just two new listings.
Take a look at the inventory that's entering the local market as we approach the weekend!
Although today's closings included a median sales price that exceeded the listing price at 107.1%, the median days on market increased to 13 days.
Today's update continues the trend of several new listings entering the market.
As March comes to a close, nine active listings enter the market with a median listing price of $440,000!