Monthly Market Stats
Sharing monthly stats and showing trends on social media is a great way to engage your prospects and customers.
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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.
- Up from 26 days to 32 days.
- DOM should continue to drift up.
- Price increase of 2.4%
- Since wages are going up and interest rates are attractive, this should help affordability.