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Market Report: Median Price Sets New High

By March 6, 2018

Market Report

Now that February is behind us time to check in on what the real estate market did – and again, it doesn’t look good for buyers :(.

 

Single-family & townhomes:

  • 434 homes sold
    • +8.23% from last month
    • -0.91% from last year
  • $753,500 median list price
    • +1.82% from last month
    • +13.74% from last year
  • $455 median list price per square foot
    • +9.64% from last month
    • +22.31% from last year
  • 105% average sale-to-list price ratio
    • +5% from last month
    • +3.65% from last year
  • 566 new listings
    • +5.01% from last month
    • -6.91% from last year
  • 411 homes for sale
    • -2.61% from last month
    • -11.80% from last year
  • 7 days is the average time homes have been on-market
    • -36.36% from last month
    • -22.22% from last year

Condos:

  • 168 homes sold
    • +60% from last month
    • -8.7% from last year
  • $520,000 median list price
    • +6.12% from last month
    • +16.86% from last year
  • $657 median list price per square foot
    • +9.68% from last month
    • +17.53% from last year
  • 105.9% average sale-to-list price ratio
    • +4.03% from last month
    • +3.93% from last year
  • 261 new listings
    • +16.52% from last month
    • +30.50% from last year
  • 187 homes for sale
    • +19.87% from last month
    • +29.86% from last year
  • 7 days is the average time homes have been on-market
    • -12.50% from last month
    • Same as last year

What did other outlets have to say?

Single-family & Townhomes

Condos

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.

Get in touch to:

  • Understand the market
  • See homes for sale
  • Sell your home

Contact:

206-618-1600