This graph works a little bit backward. The 14% increase in median sales price (shown in red) is where new active listings are coming on the market. The bars in green show the median prices of the homes sold, and may have more to do with the actual composition of the closed sales.
Last year's market took off like crazy in February, but this year was a bit slower to start. An increase from 1 to 3 weeks to sell a home doesn't give most folks a sense of worry. In other parts of the country, sellers would be ecstatic to see that sort of response.
This is actually a comforting chart in my opinion. Supply is up over last year, which considering how little we had much of last year, is a good thing. Also up is demand. If you are the seller who has been waiting for price appreciation to sell, you don't want to see the demand drop now that your house is on the market!
Up arrows here are good. 25% sounds so promising. But in reality just 5 weeks time and we'll be out of attached homes inventory in Dublin if more inventory doesn't materilize. That would be worrisome news for home buyers.
Comments(1)