Wow is March over already? I just want to take a moment and say HOLLY SMOKES!!!!
I have never seen a hotter housing market than what we are in right now. Here are the numbers:
An increase is forecasted in March for both average and median sales prices.
New inventory is up +0.1% monthover-month while the year-overyear comparison decreased by -11.7%.
. Average new list prices are up +14.1% year-overyear. The yearover-year median is up +14.3%. The average sales price is up +22.3% year-over-year while the yearover-year median sales price is also up +18.6%.
Sales are up +8.2% month-over-month. The year-over-year comparison is up +5.2%.
February reported the highest median price, average price and price per square foot on record, which is up year-over-year 18.6%, 22.3% and 21.0% respectively. ARMLS reported a staggering $6,612,744,621 in gross dollar volume, currently 32% ahead of the record pace of last year. When March numbers are reported these records will be broken again, and by the time June sales figures report, the current chatter will reach a roar. Our current market conditions are a direct result of extremely low supply, steady demand and historically low interest rates.
Please let me know if you, a friend, or a family member has any questions about buying or selling.
I appreciate the opportunity to work with you and hope you all have a wonderful day!
**** cited from armls STAT- https://armls.com/