• Active Listings Median – $822,499 at $588 sq ft 
-Last Weeks- $750,500 at $578 per sq ft. 
  • Pending Sales Median – $699,000 at $519 per sq ft.
-Last Weeks- $737,500 at $418 per sq ft. 
  • Sold Listings Median – $750,000 at $518 per sq ft.
-Last Weeks: $750,750 at $513 per sq ft.
Absorption rate of 1.3 months of inventory; This is definitely some improvement on the buy side pressures of past limited inventory albeit it still a strong sellers market. We’ll continue to keep an eye on the inventory increase that is predicted on the near horizon. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyer’s needs.