In 2016, 579 single family and condominiums were sold compared to 593 in 2017. 666 homes were listed in 2016 and 619 in 2017, for a drop in inventory of 7.3%. This is in keeping with “supply and demand” that fuels a seller’s market.
The average sales price rose 7% in 2017 from $319,970 to $343,550. This is a healthy increase.
The list to sales price was nearly the same; sellers received approximately 98% of their final list price.
Days on market we’re also nearly identical: 61 days in 2016 and 64 days in 2017. Days on market reflects the number of days until a contract is accepted, not the total time from listing date to closing date.
Overall this is a strong increase in sales price, list to sell ratio and average days on market