Percent changes calculated using year-over-year comparisons. New Listings were down 8.7 percent for single-family homes but increased 4.0 percent for townhouse-condo properties. Pending Sales landed at 133 for single family homes and 208 for townhouse-condo properties. The Median Sales Price was down 14.9 percent to $587,000 for single family homes but increased 11.8 percent to $475,000 for townhouse-condo properties. Days on Market increased 4.9 percent for single-family homes but decreased 25.8 percent for townhouse-condo properties. This winter and spring exhibited unseasonal weather patterns in much of the country. As the seasons change to something more palatable, wages and consumer spending are both up, on average, which should translate positively for the housing market. Being quick with an offer is still the rule of the day as the number of days a home stays on the market drops lower. If that wasn't enough for buyers to mull over with each potential offer, being aware of pending mortgage rate increases is once again in fashion.
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Snapshots below include up-to-date median sale prices by area.
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