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Home / Market Report / Market Update: Prices Up, Listings Up

Market Update: Prices Up, Listings Up

By April 6, 2017

Market Report

With March a few days behind us, time to check in and see what the residential real estate market (single-family and condos) did.

For buyers, the good news is that we saw a big uptick in the number of new listings with a 50% jump in new listings from Feburary (1,214 versus 808). The bad news is that the median sales price is now $623,500 up 15.5% from last year at the same time.

For sellers, while you have more competition, inventory is still at an all-time low so the market continues to be hot. See some war stories from last week if you want some anecdotal evidence it is a great time to sell.

What do other outlets have to say about March?

I’m the founder and managing broker of Urban Living. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.

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