It is still a good time to be a seller in this market. For buyers, interest rates have fallen again. They are now averaging 4.55% for a 30 year fixed.
Market activity has been slowing consistent with seasonal trends. The number of pending deals in the county has continued its decline to now only 530 deals.
It's still clearly a seller’s market though with the overall months of inventory being only 1.5 months and for homes priced below $450k it's only 1.1 months
It continues to still be a seller’s market. There are currently 875 homes for sale in the county, up 12% year over year, but still at a very low level.
Days on market are still at a historically low level of 65 days. The number of pending deals has been falling, which is a seasonal trend.
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Days on market continues to be at basically an all-time low of 62 days. There seem to be plenty of buyers around, but just not a lot of houses for them.
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A telling statistic highlighting the low inventory is that the number of pending deals is 27% less than a year ago due to a lack of homes available.
The escalation of prices seems to be leveling off these last 3 months. The median price is now $399,900, the same as the end of February. Read the synopsis of the county market researched and written by Don. Even when not buying or selling the real estate market still impacts all of our lives.