- 225 Homes were sold. 4.3% less than the 1st Q of 2017
- Median price was $149,950. That's an 11.1% increase from the 1st Q of 2017.
- Inventory is very low at only 2.2 months supply. Balanced markets have about 6 months supply.
Takeaways for buyers:
There is a lot of competition for the limited number of homes on the market. You will want to know as soon as a new home hits the MLS. Your Realtor can set up a listing notifier for you. Be prepared to see a home in the first day or two its on the market if you want to have a chance at getting the home. Be prepared to come in at your best offer and in some cases be ready for to compete in a multiple offer situation.
Takeaways for sellers:
If you are considering selling your home this is a great time. There are more buyers in the market for "move in ready" homes than there are homes available. Its a sellers market. What to find out what the value of your home is in this market, call me. A professional market analysis is a service I provide. No cost or obligation to list. If you have real estate questions, I'm happy to help.