Over the last 30 days, 123 single family houses were sold, up by 12 houses from last week. The median price is up $10,000 to $575,000. The average house was on the market for 59 days. We are now seeing the activity we expect for a spring market. More buyers are entering the market, increasing the number of properties sold, driving down the days on market, and slowly increasing pricing. Other than a small median price increase due to increased demand, we are still not forecasting an overall price increase.
In the same time period, 78 condos were sold, down by 10 condos from last week. The median price is down $4,250 to $288,250. The average condo was on the market for 67 days. The trend for condo pricing continues to be flat with sales volume not yet increasing in the spring market as we would normally see.
There are now 1,296 houses for sale, up by 21 from last week. Condo inventory has risen by 34 to 737 suites.
