April 2022 Market Update
Most notably, while sales volume is up 3.8% year-over-year, the first quarter of 2022 has seen sales volume return to more average levels
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.
August 2023 Market Update
While sales volume for June was strong, volume for July was the lowest in the prior 6 years with 13.6% fewer closings than July 2022. Overall, sales volume for the year is down 36.4%
July 2023 Market Update
It is most note worthy that while the sales volume for the first five months of the year was down significantly, June of 2023 saw a higher number of sales than in June of the prior two years.