This market calls for weekly updates.

Apr 8-14 Stats:

Average Sold Price: $886,073

Average %Difference List Price vs Sale Price: 104%

Average Days on Market: 10

Apr 1-7 Stats:

Average Sold Price: $993,785

Average %Difference List Price vs Sale Price: 108%

Average Days on Market: 16

Mar 25-31 Stats:

Average Sold Price: $1,115,100

Average %Difference List Price vs Sale Price: 104%

Average Days on Market: 14

This is what a shifting market looks like!  Market characteristics are changing as supply and demand changes.

It is incredible to see still so many homes come on the market! That’s 115 New Listings vs. 46 Sales for April!

Avg price is low for this past week because a few lower priced condos sold and few very expensive properties sold.  Only 8/26 were >$1M.

Sales strategies have to shift now.  Holding offers, Offer Nights and bidding wars with multiple offers is not the standard strategy anymore, and when attempted, sometimes fail.  Much more common now we are seeing properties listed around "market value" and sellers "accepting offers any time".

It is still a good time to sell.  Prices are are near their highest level, demand is healthy, but active listings are climbing.  If you know anyone considering selling, have them contact me to discuss this opportunity.

If you’re buying, tides have turned! Buyers have choice and a bit of time! Negotiate hard and stick to your goals!  There are some "deals" to be had.

Please let me know if I can help in anyway, I’m here to serve.

Be well everyone.