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Today is the last business day of April – how are sales shaping up?

April
Number of Sales
Avg $$/SF
Median SP
Avg DOM
Median DOM
2013
303
$420/sf
$955,000
42
16
2014
258
$456/sf
$1,052,500
50
26
2015
278
$473/sf
$1,090,000
47
20
2016
299
$521/sf
$1,129,197
40
19
2017
225
$539/sf
$1,282,131
42
14

We should have another 10% added to this month’s sales count by the time we are done, but it will be well under last year’s count, which should get the talking heads excited. There was one less business day this month verses April 2016, and last April was a stellar month for sales.

This month’s increase in pricing was strong, and the median days-on-market was hotter than ever.  But if you are like me, you are seeing most of the new listings today being priced with extra mustard, and I think we’re going to see sales struggle from here on out.

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