April Market Report

We're right in the thick of the spring market! As expected, sales activity for April has increased, but overall the market is a bit softer than previous recent years. All three major segments of the market remain in balanced territory; Single-Family at 3.1 months of inventory, Townhomes at 3.0 and Apartments at 4.9; but the rise in sales are not offsetting the increase in listings. Active listings end-of-month were 4535, a rise of 17+%, and the sales to listings ratio is down to 41%. Understanding the segment of the market you're involved in, is critical to both maximizing value for selling and being able to negotiate the best terms for purchasing.