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ACAR housing stats for March 2015

Recently released statistics for March 2015 show consistency with previous years’ trend of the market picking up pace in the spring. Homes sold jumped from 507 in February to 694 in March (that’s an almost 37% increase!). Further evidence of the increasingly active market is the three-month trend of dropping Available Inventory. March saw a decrease from 3.8 months to 3.1 months. In a year-to-year comparison, the total homes sold Year to Date is up by almost 200 sales from 2014. Here is the summary of March 2015’s statistics:

• 694 Homes sold in March 2015
• $222,000 was the Median Price
• 3.1 months of Available Inventory
• 65 was the Average Days on the Market

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