Weekly Market Quick Bites With Theresa Ahdieh | April 15th

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The four Market Numbers you should know:

 

Active Listings

  • Today 627
  • Last week 628
  • One month ago 589 7% less
  • Last year 763 18% more 

New Listings (for April)

  • So far in April 283
  • For the same amount of time last month 248, 14% more
  • At this point last April 218, 30% less

Pending Sales (for April)

  • So far in April 290
  • A this point last month 220, 32% less
  • At this point in April 2023 232, 25% less

Number of Sales Closed (for April)

  • So far in April 212
  • For the same amount of time in February 184, 15% less
  • On this day last April 170, 25% less
 

What does this mean?
Median closed sales price so far this month has been $999K, up over 14% from $870K for the same time period last month and up over 17% up from the same time period last April at $850K. Both of these are big increases and speak to what we are seeing in terms of quality and competition

Inventory levels, based on pending sales are at .8 months, down from this time last month and last year. This speaks to the increased level of buyers out there compared to both last month and last year

Homes continue to sell faster with closings so far this month, sitting at 20 days on market, again showing the increased velocity of the market

From Jordan Malloch Managing Broker Windermere Northgate

The “T” and the “I” 

If you’ve been reading these updates for a while then you already know that higher employment and/or higher inflation generally mean higher mortgage interest rates – and that’s exactly what happened this past week. 

                                      Contact Theresa
 
 
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At Finally Social we are a marketing one stop shop for Real Estate agents, Mortgage Brokers and Coaches. We create/audit Social Media Platforms, SM Posting, design & maintain websites, email marketing, branding, & logos. Also marketing collateral: custom images, publications, brochures, flyers, postcards, & magazines.

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When Is The Best Time To List Your Home With Theresa Ahdieh

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The “T” and the “I” with Kyle Bergquist