Wednesday, April 23, 2008

March Statistics

Click the image to enlarge and see details.

I'm a little late to the game with these but better late than never. The trend is higher inventory, year over year, but with higher prices in general. There is also more inventory in the $1.5-$2.5M range than there has been in the last year. This means sellers of homes in the higher price ranges have less competition and a better shot at getting their asking price or higher. It also means that sellers in the $1.5-2.5M range are seeing more interest (more potential buyers) because there is more to chose from. Even more interesting is that Average Days on Market is down substantially from last year. The key to remember is that if you like a home, more fast.

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