We have sprung into the Spring market and sales prices continue to rebound slightly for the third month in a row. This is a little surprising since the number of closed sales in April were down over 2,300 sales compared to a month ago in March. The silver lining continues to be low inventory. It has basically stayed the same for the last three months when Springtime is typically when most people try and sell their homes. Average days on market is back down to 13 days from its high at 30 days in January. Overall we are seeing a much more balanced market that still slightly favors sellers. On the other hand, buyers are not having to compete with 10-20 buyers on every property. Stay tuned for updates next month.
http://fmls.stats.showingtime.com/infoserv/s-v1/JSom-dsN
http://fmls.stats.showingtime.com/infoserv/s-v1/JSot-EU
http://fmls.stats.showingtime.com/infoserv/s-v1/JSxV-VO2
http://fmls.stats.showingtime.com/infoserv/s-v1/JSx9-grM