Key Take-Aways:
- Average sales price was up 4% to an average price of $375,487.
- Homes are continuing to sell quickly within an average of just 21 days, and a median days on market of only 7 days.
- Inventory of homes continues to struggle, holding flat with only 864 homes available for sale.
- We are still in a very competitive seller market, with sellers continuing to close over their asking price on average.
- Interest rates continue to hover around 7% according to Mortgage News Daily.