April 2017 Market Update

May 10, 2017
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# of Closed Sales: 10

Average Days on Market for Solds: 10

Median Sales Price: $386250

# of news listings: 10

Months of Inventory Last Month: 1

April was HOT in our neighborhood. We had more listings on the market than March and buyers are grabbing them up! The average sold price per square foot increased from $177/psf in March to $186/psf in April.

We saw an abundance of homes hit the market in April which helps our inventory issue, but we still had multiple offers on most of these homes and it is still a tricky market for buyers. 

Our market is definitely still favoring sellers, but the best situation is to have all of your ducks in a row BEFORE listing to keep the transaction running smooth.