It was an exciting month for our market! Both buyers and sellers were READY to go under contract in March. With a larger inventory (we had 22% more homes come onto the market, according to DMAR), house hunters found properties that met their needs. Homeowners seemed to negotiate for the price they wanted (as average sales prices remained steady). So we had a whopping 27% MORE homes go under contract compared to February. With this many deals getting done, homes spent less time on the market and we ended the month with just a slightly larger inventory compared to February.
So the spring frenzy is in full effect! In April we typically have even more homes hit the market.
Homeowners who’ve built up equity, THIS IS YOUR TIME TO UPGRADE. The conditions are quite ideal: more homes on the market + sales prices will likely rise + mortgage rates are steady = opportunities to purchase the next, right home!
Let’s chat today about your needs. Feel free to call, text, or email me today.