Here is your March 2019 real estate market update.
In March, we saw 39% of detached single-family homes sell for an average sales price of $423,571, which is down 2% from February and only down 3% from this time last year.
Last month, 44% of listed duplexes and row houses sold for an average sales price of $334,440. This is a 3% decrease from February, and a 2% drop from March of 2018.
In the condo market, we witnessed 33% of listed condos sell for an average of $213,856—down 7% from the month before, and down 2% year over year.
As we might have expected from the spring real estate market, we can see that overall sales traffic has increased now that the holidays are over and the temperatures are rising.
Sales remain on par with those of March 2018. Continuing into the spring market, we expect to see sales volumes increase across all listed inventories.
If you have any questions regarding the market as you’re preparing to list or buy a home, please feel free to reach out to us. We’d love to help.