March 2021 is a Seller’s market! 

The number of for sale listings was down 55.7% from one year earlier and up 14.8% from the previous month. The number of sold listings decreased 18.9% year over year and increased 26.5% month over month. The number of under contract listings was up 9.3% compared to previous month and up 17.5% compared to previous year. The Months of Inventory based on Closed Sales is 0.7, down 45.4% from the previous year.

The Average Sold Price per Square Footage was down 0.7% compared to previous month and up 8% compared to last year. The Median Sold Price increased by 6.7% from last month. The Average Sold Price also increased by 5.1% from last month. Based on the 6 month trend, the Average Sold Price trend is “Appreciating” and the Median Sold Price trend is “Appreciating”.

The Average Days on Market showed a neutral trend, a decrease of 57.8% compared to previous year. The ratio of Sold Price vs. Original List Price is 102%, an increase of 4.1% compared to previous year.