After seven straight months of a slumping sales price the curve flattened and the average sales price went up slightly last month. Days on the market also went down from 30 to 27 days. Closed sales ended the four month skid and went up as well. The driving factor continues to be the lack of inventory. Total inventory (number of homes for sale) went down again and is at levels like we saw May of 2022. I expect this number to come up slightly as we enter the warmer Spring market. Stay tuned for my update next month...it will definitely be interesting.
https://fmls.stats.showingtime.com/infoserv/s-v1/ir6K-GkB
https://fmls.stats.showingtime.com/infoserv/s-v1/ir6s-Q5y