April Market stats
**April's Monthly Market Update Active Listings have decreased by 70.2%. Listings Under Contract have increased by 29.6%. Monthly Median Sales Prices have increased by 18.1%. Closed Sales are up by 16% This is all due to the current lack of supply on the market which is now at 0.4 months. WHAT DOES THIS MEAN TO THE TYPICAL HOMEOWNER??? NOW IS THE TIME TO SELL YOUR HOME!!! We have a program that allows you to buy your next home without a contingency. Just ask us about it! *Buyers: With 54% of all sales closed over asking price so far in April, the average sale price per square foot is now higher than the list price for every price range up to $1M. In a balanced market, homes typically sell within 97% of list price; that percentage is now 101%. This means that, for the past month or so, the majority of list prices have been the starting price for where negotiations begin instead of a top price to work down from. In past extreme selle...