While April usually kicks off our busiest season…last month was more like a drop-kick! We broke the record for single-family homes’ average closing price: $553,371 (condos were $368,565). While homeowners’ price negotiations were strong, buyers had more time to house-hunt as listings spent an average of 28 days on the market (a big uptick from last April, which was only 20 days). And with over 7,000 properties on the market, buyers had a lot more inventory to choose from (every April since 2015, our supply has been in the 5,000s).
It’s likely we have more intense months ahead. Sellers and buyers, to be on top of your game, you need an excellent strategy and a team of professionals to navigate our market’s shifts. Call, text, or email me anytime get started. I’m ready to share insights and advice about your specific needs.