The results for the last week were a little better for both single family homes and condos in terms of the number of properties sold. However, as I have been saying every week this spring, the homes that are selling are selling because they are priced properly for today's market. That means at a lower price than the property would have sold for last year. This is backed up clearly by looking at the data. Houses that have been on the market for a month or more are generally not selling unless there is a price correction. Newly listed properties, ones that are priced well, are selling very quickly. So, if you have a home to sell, the news is actually very good! Properly price your home and you will definitely find a buyer. You will likely sell for a bit less than you would like, but you will make that back up when you buy!
Here are the raw results for the last 30 days:
Over the last 30 days, 274 single family houses were sold, up by 24 houses from last week. The median price is up $3,875 to $518,875. The average house was on the market for 34 days. In the same time period, 125 condos were sold, up by 4 condos from last week. The median price is up $8,500 to $280,000. The average condo was on the market for 55 days.
There are now 2,045 houses for sale, up by 38 from last week. Condo inventory has risen by 34 to 941 suites.
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