April 2018 Market Report
Posted by Christina Galbreath-Gonzalez on
Many sellers and builders are in a good position for financial gains, as the economy continues to favor putting existing homes on the market and building new homes for sale. We are finally beginning to see some upward movement in new listings after at least two years of a positive outlook. There may not be massive increases in inventory from week to week, but a longer-term trend toward more new listings would be a good sign.
Low inventory should continue to create a competitive situation for buyers, causing price increases over the next several months. New Listings were up 20.4 percent to 673. Pending Sales increased 40.2 percent to 582. Inventory shrank 7.6 percent to 2,224 units. Prices moved higher as Median Sales Price was up 2.7 percent to…
9705 Views, 0 Comments