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Closing out the month of March 2023, single-family homes, as well as condominium units, reported a total
of 450 closed sales. Looking back to March of 2022, this indicates a decline in sales of approximately
16.4% YOY at 450 v. 538.
The average closed sales price for March of 2023 was $434,932, a decline of
5% from March 2022 with a closed sales price of $457,967. Median closed sales price for March 2023 was
$399,547 down by 7.1% YOY from March 2022 median closed sales price of $430,000.
Inventory, at the time of this report, totals 543 properties or 1.3 months of inventory, a slight decrease from
last month with 1.7 months of inventory.
New construction closed sales declined 18.2% at 63 in March
2023 compared to 77 in March last year. New construction closed sales are up by 37% in March 2023 with
63 vs 46 in February 2023. Average new construction sales price for the month of March 2023 was
$568,137, a 2.7% increase YOY versus March of 2022. Median new construction sales price ended March
at $495,294 a 8.1% decrease from March 2022 which was $539,900.
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