March 2025 Market Update
For the most recent twelve months (03/01/2024-02/28/2025) the MLS reported 1,542 sales with a median sale price of $235,000 and a reported average marketing time of 34 days. For the prior twelve months (03/01/2023-02/27/2024) the MLS reported 1,630 sales with a median sale price of $212,858 and a reported average marketing time of 28 days. This shows a year-over-year decrease in the number of sales of 88 homes or -5.7%. The median sale prices saw a 9.4% increase year-over-year. There are currently 108 homes on the market with an average marketing time of 119 days. This results in a 0.8-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market. Please note that the average marketing time of active listings is significantly above the average for closed sales in the prior 12 months.
