Sales
There were 6 unit sales in March. This is down 33.3% from 9 in March of 2015. Sales/list price ratio in March moved up to 97.9% from 96.8% in February.
Prices
Median price in March was $1,017,500. This is up 55.6% from $654,000 in March of 2015. This is the highest median price has been since June, 2014. 3-month median price of $805,000 in March was up modestly from $760,000 in February and up marginally from $776,000 in March of 2015. Price per square foot in March was $299. This is up from $294 in February but down from $322 in March of 2015.
Inventory
Inventory of 52 in March was up 4.0% from 50 in February but down 1.9% from 53 in March of 2015. New listings of 22 in March were very slightly up from 21 in February and up moderately from 18 in March of 2015. Months of supply of 5.5 in March was up slightly from 5.1 in February but down a little from 5.6 in March of 2015. This is the highest months of supply has been since June, 2015.
Market Time
Days on market of 142 in March was up substantially from 55 in February and way up from 101 in March of 2015. This is the highest days on market has been since February, 2015.
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