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In April, median prices remained near record highs, with homes at $1,111,000 and condos at $510,000. Median prices continue to rise, pushed upward by strong demand, low inventory, and competitive market conditions.
Sales in April are down -6% for homes and up 3% for condos over April 2021. Now the pace of sales is following the seasonal trend, good news for a more stable market.
Bid-ups continue at record highs; 61.5% of homes sold in April, and 42.0% of condos sold were bid-up over asking price. These competitive market conditions point to rising prices continuing in 2022.
|SINGLE FAMILY HOMES||This Month APRIL 2022||Last Month MARCH 2022||Last Year APRIL 2021|
|Median Sale Price||$1,110,711||$1,150,000||$929,000|
|Average Sale Price||$1,405,296||$1,565,912||$1,209,348|
|Median Days on Market||11||11||10|
|CONDOMINIUMS||This Month APRIL 2022||Last Month MARCH 2022||Last Year APRIL 2021|
|Median Sale Price||$510,000||$517,000||$450,000|
|Average Sale Price||$614,743||$622,836||$528,733|
|Median Days on Market||13||11||14|
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