It’s no surprise that our robust seller’s market continues. In our latest stats, we saw active listings drop to 2,075, a 20% decline in available inventory from the previous month. Showings per active listing remained nearly double the number compared to previous years. The number of homes going under contract outpaced new listings hitting the market. With that, the average price of a detached single-family home climbed to a whopping $700,000.
So the question is – is there any relief in sight for buyers? Maybe.