In the first 3 weeks of April there were 1,088 SFH sales, a +29.22% increase from the same time period last year. New listings are essentially on par to last April with 1646 compared to 1658 but inventory is down -16%.
Despite the substantial uptick in sales (most notably in the luxury market) and reduced selection, prices have edged a touch lower: from $484,453 to $482,003 or -0.51%. The median was down -0.7% to $420,000.
Between April 1-21, there were 454 units sold which is an increase of +17.9% y/y. The average price was up +0.5% from $287,586 to $289,158. The median was up +2.9% from $260,000 to $267,500.
It’s the townhome segment which is buoying the overall condominium figures. Apartment style average prices are down -3.29% month-t0-date while townhomes are up +5.38%.