According to the latest statistics, our market is very healthy, but it’s also favoring sellers more than buyers.
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Today I want to give you a quick multi-market update for March 2017. Last month was a busy month for us, but how did our market do compared to March 2016?
For starters, the number of home sales increased to 9,248, which is about 1,000 more homes than were sold in March 2016. Our level of inventory dropped from 25,000 in March 2016 to about 23,000 homes last month.
This shortage of inventory is especially evident when we look for homes for our buyers. Lastly, our average days on market decreased from 63 days in March 2016 to 59 days last month.
The latest stats from our market paint a promising picture for sellers.
Overall, our market is very healthy, but it’s definitely favoring sellers. If you’re on the fence about selling your home, you can reach out to us and we’ll provide you with a comprehensive price analysis of your home free of charge.
If you have any other questions about our market, just give us a call or send us an email. We’d be happy to help.
If you have any other questions about our market, just give us a call or send us an email. We’d be happy to help.
