Median price is up year over year, but the graph illustrates how that median home price was much higher during the heat of the market when the bulk of the buyers were plentiful and multiple offers were the norm.
Last year started off with a very low average for days on market, and it only went down during the spring selling season. Looking at the year over year comparisons shows a 70% jump, but seeing the entire year illustrates a more gradual build. When school starts back, those with families have usually already made their purchases, so the time on market usually ticks up a bit. This is typically true of the winter months as well.
Demand in Dublin has stayed strong throughout the year with its commute friendly location. Inventory is up considerably due in part to price appreciation. Supply may not be keeping pace with demand as multiple offers are still in play.
Dublin is one of the few areas where inventory has seen more of an increase. Since Dublin has a number of new home developments, that gives buyers some additional choices leaving a few more options in the resale category.
Read Dublin Attached Homes Market Report for January 2014.
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