In March 2022, there were 1,010 new listings, which is a 7.4% increase from the 940 listed in March 2021, and an increase of 20% from the 842 listed in February 2022.
932 pending sales last month show a 0.6% increase from the 926 offers accepted in March 2021, and an increase of 23% from the 758 offers accepted the previous month in February 2022.
Closed sale count of 783 this March was an increase of 3.7% from the 755 closings last year in March 2021, and an increase of 38.1% from the 567 closings last month in February 2022.
Inventory decreased to 0.5 months in March 2022. Total market time also decreased to 16 days, with the average home sale price of $571,000, and a median home sale price of $525,000.
For more information about what this market update means for you and your plans to buy or sell a home, contact our team today!