We’re here today to give you a quick real estate market update as we head into spring. Our massive weekly snowstorms and polar vortexes have slowed the start to the typically hot spring market. New listings for the week of Feb 23 were down 25%, while pending sales were down 12%.
The great thing is that as we approach the spring market in earnest, the rolling average median sale price has risen by 7.3%, the average list price received is at 98.9%, and we’re just over a two-month supply of inventory. If you’re a buyer, you want to enter this market pre-approved and working with a networked agent. If you’re thinking of selling, this might be a great opportunity for you to take advantage of the spring market while it’s still a seller’s market.
“This might be a great opportunity for you to take advantage of the spring market.”
If you have any questions for me about the real estate market or real estate in general, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you soon.
