Ready to Make Your Move?
This morning, I looked at the last 482 homes sold in our area – about seven days’ worth of closings – to get a sense of pricing trends. When they went on the market, the median asking price was $565,000, and the median closed price was $540,000.
As we saw in last week’s update, sellers are still reducing their asking prices before homes sell.
The median closed price rose from $530,000 in February 2023 to a peak of $562,000 in June 2023, then declined to $524,900 in December and is now rising again.
Those 482 homes sold in the past seven days have sold at a higher median price than homes sold during most of this month.
We expect prices to continue to rise as we head into spring and summer. If rates come down by the end of the year, we may not see prices dip during the fall like last year.
| Month | Original Price, Median | Close Price, Median |
| Jan 2024 | $539,000 | $530,000 |
| Dec 2023 | $499,900 | $524,900 |
| Nov 2023 | $524,900 | $535,000 |
| Oct 2023 | $535,000 | $540,000 |
| Sep 2023 | $550,000 | $549,000 |
| Aug 2023 | $549,000 | $550,000 |
| Jul 2023 | $550,000 | $560,000 |
| Jun 2023 | $570,000 | $562,000 |
| May 2023 | $565,000 | $555,000 |
| Apr 2023 | $555,480 | $545,000 |
| Mar 2023 | $560,000 | $539,630 |
| Feb 2023 | $539,000 | $530,000 |