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Competition Continues To Set Records
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April 2022
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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 |
| Homes Sold | 370 | 330 | 394 |
| Median Days on Market | 11 | 11 | 10 |
| Bid Ups | 62% | 57% | 54% |
| 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 |
| Condos Sold | 670 | 678 | 650 |
| Median Days on Market | 13 | 11 | 14 |
| Bid Ups | 42% | 47% | 30% |
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