Sales were down

Single-Family:

Sales were off by 10% in April. Not sure why. The average sales price increased by 12% and the median sales price rose 10%. Pending sales fell 8%. The number of new listings had a small 1% rise however, the active listings climbed by 36%. One would think the large increase in active listings would have a major impact on the months of inventory but it didn’t. Months of inventory only rose to 2 months. With 6 months being considered a balanced supply, you can readily see that we are still very much in a Sellers Market.

Sales: 300

Average Sales Price: $424,066

Median Sales Price: $370,500

Pending Sales: 347

New Listings: 485

Active Listings: 657

Months of Inventory: 2