“The unexpected interest rate drop is adding fuel to a checkered real estate market that went into high gear in March,” reports Linda O’Koniewski, CEO of Leading Edge. “Neighborhoods and towns are both hot and cold depending on price point. Consult a savvy real estate professional who has a pulse on this hyper-local market if you plan to buy or sell.”
March sales of single-family homes in the Leading Edge service area increased +20.3% year-over-year. Inventory decreased -1.2%. The number of days on market over the last 12 months is down -5.6% while median sale prices remain up +5.1% at $620,000.