Slowly but steadily, prices and sales volume are climbing in both the single family home and condo market. A definite & positive trend line can now be seen when we graph selling prices, sales volume, and even the selling price as a % of the list price. This last figure, % of list, is a good indicator of the urgency of buyers. Does this mean that every listing is going to sell? Definitely not - there are a lot of overpriced listings out there. But, it does mean that if you price, market, and present your home properly that you have an excellent chance of finding a buyer.
In fact, if you are planning on selling this spring, now is the time to act while we have a building market.
Over the last 30 days, 293 single family houses were sold, up by 9 houses from last
week. The median price is up $10,900 to $569,900. The average house was on the market for 35 days.
In the same time period, 161 condos were sold, up by 9 condos from last week. The median price is up $10,000 to $285,000. The average condo was on the market for 40 days.
There are now 2,053 houses for sale, up by 87 from last week. Condo inventory has risen by 25 to 975 suites.
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