“We are experiencing a fickle spring market,” reports Linda O’Koniewski, CEO of Leading Edge. “Agents are reporting varying market conditions. Open houses are bursting with attendance over here, and only two parties show up over there. This mid-priced house, in a hot market priced well, goes without a bid on the call to offer date, this other mid-priced property, in a hot market priced well, is overwhelmed with competing buyers. Change is in the air.”
April sales of single-family homes in the Leading Edge service area increased +3.9% year-over-year. Inventory decreased -1.3%. 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.