Here are the latest numbers from our local real estate market.
Today I wanted to bring you a quick market update. The most recent numbers just got released, and they are interesting, to say the least. We’ve had our first month of declining sales in quite a while. Let’s take a look at the numbers.
You can watch the full message above, or skip around to topics that interest you using the timestamps provided below for your convenience:
0:24 — The recent decline
1:16 — Prices are flattening a bit
2:04 — A new record in average sales price
2:28 — Our inventory is still super low
3:14 — Showings per listing
4:26 — Condo sales
5:07 — An all-time low in the supply of condos
5:38 — Strike while the iron is hot
6:37 — David’s success story
I predicted last month that the market would start to slow down a bit, and it looks like we’ve finally gotten the data to show that. We’ve stayed relatively steady for a few months, so if you’re looking for the top, this might be it.
If you have any questions, are looking to buy, or want to sell, feel free to give me a call. I would love to help.
