Over the last 30 days, 240 single family houses were sold, up by 30 houses - a big jump - from last week. The median price is down $7,750 to $566,000. The average house was on the market for 31 days. Sales growth is being fueled both by growing inventory, and very attractive prices being offered by sellers. Multiple offer situations are getting more and more common for the best properties. If you are a seller, the buyers are definitely out there. Make sure that your Realtor is advertising and promoting your property to set it apart from the growing inventory.In the same time period, 155 condos were sold, up by 21 condos from last week. The median price is down $444 to $285,000. The average condo was on the market for 35 days. Although the condo market is picking up, it is not accelerating at the same pace as houses.
There are now 1,572 houses for sale, up by 40 from last week. Condo inventory has risen by 28 to 882 suites. Inventory is growing, but quite slowly due to the accelerating pace of sales.
Tip #2 - Don't Allow "first impressions" to overly influence your decision:
