Pending sales were down -31.8% in March (compared to March 2019). This stat changed the most compared to all the other metrics, and is a reflection of the current COVID-19 crisis. The average sales price increased +8.8% in March (compared to March 2019). Although March seemed slower than usual, prices are still going up. However, inventory is down again, -11.1% (compared to March 2019). There is only a 2.4 month supply of inventory, which is extremely low. This is an indication that we are still in a strong seller's market right now, and interest rates are at all time lows!is
All data from Triad MLS. Report © 2020 ShowingTime.