Residential sales down over 21% year-over-year.
Two factors to consider: Lack of inventory (down 17.5%YOY) and buyers more cautious approach to purchasing with potential interest rate increase and current economic climate. Despite this decline in unit sales there is an out weighing demand resulting in an increase in average sale price to $366,237, up 8.9% YOY.
When to list
The spring market is still the best time to list your property, but strong sales persist well into the fall. If you have the foresight, it’s a good idea to get the pictures and virtual tour done late summer so that you are ready with a professional presentation of your property in the spring. Give us a call today to discuss the best strategy for your property.