SALES: In March 977 homes and condos sold. That’s up from the 718 sales in February and also up 12% from March of last year. Another great highlight is in pending sales. A home goes pending when a contract is written and agreed upon by both buyer and seller. Pending sales were up 11% from 2015. That shows we’re seeing more activity.
DAYS ON MARKET: In March, homes were on the market for an average of 62 days. That’s down from February and also down from March of last year where homes were on the market for an average of about 75 days. We are seeing condos stick on the market a little bit longer than detached homes, but not by much.
PRICE POINTS: Last month was typical in terms of what price ranges are selling. Maintaining our market consistency, about 75% of the total sales were of homes $250,000 and below. 22% of sales were in the $250,000-500,000 range and just 3% of sales were in the upper end market… that’s $500,000 and up.
HOW WE CAN HELP: I know I mentioned it a couple weeks ago, and I’ll say it again, the market is heating up. My team alone has been in several multiple offer situations on the buyer and seller side and I can’t stress enough the importance of having a professional on your side when in a multiple offer situation. A professional, like myself, will help you navigate every aspect of what can be at times a grueling sales process.
IF YOU'RE LOOKING TO BUY OR SELL TODAY, CALL US AT 505-238-1000
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