January 2024 Market Update

This shows a decrease in the number of sales of 329 homes or -16.8%. The median sale prices saw a 9.3% increase year-over-year. There are currently 151 homes on the market with an average marketing time of 106 days.  This results in a 1.1-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.

December 2023 Market Update

This shows a decrease in the number of sales of 365 homes or -18.3%. The median sale prices saw a 9.7% increase year-over-year. There are currently 72 homes on the market with an average marketing time of 70 days.  This results in a 0.5-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.

November 2023 Market Update

This shows a decrease in the number of sales of 394 homes or -19.4%. The median sale prices saw a 8.4% increase year-over-year. There are currently 173 homes on the market with an average marketing time of 85 days. This results in a 1.2-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.

October 2023 Market Update

This shows a decrease in the number of sales of 365 homes or -17.9%. The median sale prices saw a 6.9% increase year-over-year. There are currently 150 homes on the market with an average marketing time of 79 days. This results in a 1.1-month supply of homes in inventory, which is a significant shortage relative to historical supply demand relationships in this market.

September 2023 Market Update

While closing volume for August 2023 recovered to a level closer to the average total sales volume is down 12.5% year-over-year.