What’s happening in the Market?
“The sold prices are exceeding 10% year over year in most areas.”
While the Market continues to move at a strong pace, we are roughly 5% behind last year’s Closed Sales pace. This is primarily due to lack of inventory as demand is still high as determined by the continued reduction of days on market. This heightened demand is also indicated in the sold prices exceeding 10% year over year in most areas.