The first quarter is in the books and this quarter there were 14% fewer sales than a year ago. Inventory lagged all quarter. Prices seem to be rising again mostly due to the lower inventory and the still good demand in most areas.
Please scroll through the slideshow above to get more details on the market. Here are the main take-aways this month.
- Sales in March were 16.6% lower than the same month last year.
- Inventory continues to be very low however we have seen some recent improvement in this measure. Maybe all of the sellers were waiting for spring.
- Multiple offers are very common on new listings.
- The spring buyers are starting to think about real estate and for most there is not much on the market to see. Very difficult of out-of-town buyers.