Usually when the media reports an increase in the median price, they say that “prices are going up”. But technically it only means that there were additional sales of more-expensive houses.
|NSDCC Feb.||#Sales||Median SP||Median DOM|
The speed at which homes are selling is remarkable.
Half of the homes sold last month only took 3.5 weeks to find a buyer? And that is based on when the listing agent reports it, which is typically at least a day or two after it happens.
Inventory remains low and ample buyers are waiting. Sellers can expect to sell in the first 1-3 weeks, unless your price is more than 10% above comps.