Monthly Market Stats

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March 2019 Market Commentary:

  • New and Sold listings
    • New listings down 2.3% for Mar ’19 vs Mar ‘18.
    • Sold listings down 5.6% for Mar ’19 vs Mar ‘18.
    • This spring could look more like the spring of ’17 and ’18 than initially thought (for # sold)… but with more inventory, there should be fewer multiple offer situations.
  • DOM
    • Up from 26 days to 32 days.
    • DOM should continue to drift up.
  • Price
    • Price increase of 2.4%
    • Since wages are going up and interest rates are attractive, this should help affordability.
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