– Increase of 13.6% in new listings
– 3.6 months of inventory on the market – far short of the 6 months considered a balanced market
– Median sale price increased to $211,900; up 3.5% from a year ago.
– Average sales price increased to $263,043; up 4.7% from a year ago.
~ Homes sold in an average of 58 days; 9.4% faster than a year ago.
2018 NEFAR President Ben Bates said, “We are pleased to see new listings being added to the market, but sales are taking place so steadily that a sustained and significant influx of properties is needed to turn the tide away from lower than normal inventory.”
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