ACAR Housing Stats for March 2016

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More homes are hitting the market as we move into spring, although we still haven’t closed the gap on the 2015 figures. There were 1,796 active listings in March 2016, compared to 2,175 active listings in March 2015. Homes in general are not staying on the market long, though, if they are priced competitively. The average Number of Days on Market is 42 for existing homes. (New construction homes average a longer marketing time (101 Number of Days on Market) as many homes are listed while at the framing stage.) Below are other key stats:

• 788 Homes Sold in March 2016
• $234,950 was the Median Price
• 56 was the Average Number of Days on Market

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