Through the first quarter, statewide closed sales were neck-and-neck with 2023, while new listings finished 5% ahead of last year.
March sales bounded 21% ahead of February to 6,208; pending sales gained 13% month-over-month to hit 7,172.
New listings also jumped 19% from February to March to 7,749; continued listing growth pushed total inventory 9% above 2023 at 9,929 average daily listings through March.
While closings were 8% below an unseasonably high sales total last March, they were still well ahead of monthly expectations.
Even with more homes for sale, supply remained tight (just 1.6 months of available inventory) and the state median sale price rose to $250,000, 6% above March 2023.
Through the first week of April, we see slowing trends in pending sales and days from listing to pending, suggesting that elevated mortgage rates are cooling the market – but not nearly as much as the one-two punch of higher rates and plummeting inventory that slammed sales last spring.
I would like to thank you for making the experience easy. You exceeded my expectations. Finding the right home, I feel, was the hardest part. Once we did that, you took control. Which was great. I didn’t have to do anything. The reason I chose you was because when we started this whole process a couple of YEARS ago, you were wonderful then and we always knew we would come back to you. We trusted you and we liked your attitude, positivity and willingness to go the extra mile. I don’t have a single complaint about you or the process. You had a good team of inspectors and homeowners insurance people who where efficient and easy to work with. I will always recommend you. YOU ROCK! .
- Dan and Mary S.
It was truly a treat working with you. Thank you for working so hard for us. We love our new place!
- Tom L.
When I was selling my house Jason was always willing to help me with anything I needed help with, he was amazing. I absolutely will use him again. Thanks!
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