Detached homes are selling faster than they have been, but attached homes are taking longer to sell due to the increase in condo inventory. Rising inventory gives buyers more to choose from and puts pressure on sellers to price right.
Our local market in February:
Residential – Detached and Attached Homes
Average Closed Price: $676,575
+3.27% month-over-month
+3.04% year-over-year
Median Closed Price: $576,584
+2.05% month-over-month
+2.41% year-over-year
Active Listings at the End of the Month: 5,511
+13.14% month-over-month
+45.87% year-over-year
Closed Homes: 2,864
+31.20% month-over-month
-0.45% year-over-year
Average Days in MLS: 47
-4.08% month-over-month
-2.08% year-over-year
Detached Homes Average Closed Price: $753,920 Median Closed Price: $633,000 Active Listings at the End of the Month: 3,748 Closed Homes: 2,084 Average Days in MLS: 46 | Attached Homes Average Closed Price: $469,923 Median Closed Price: $410,000 Active Listings at the End of the Month: 1,763 Closed Homes: 780 Average Days in MLS: 48 |