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ACAR housing stats for April 2015

With warmer temperatures come a more active housing market according to April’s statistics. Following the strong three-month trend in increased sales, homes sold jumped from 694 in March to 803 in April. Although there has been a steady decrease in number of days on the market, April saw the largest drop of the year: 65 to 50. Also following expected patterns, the Available Inventory decreased to 2.9 months. Median price saw a fluctuation on the lower end, as the price dropped to $216,200. Here is the brief overview of April’s statistics:

• 803 Homes sold in April 2015
• $216,200 was the Median Price
• 2.9 Months of Available Inventory
• 50 was the Average Number of Days on Market

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