It's the first day of April, better known as April Fool's Day. Be wary of online tricks and pranks today. While you can't always believe everything you read today, this report is 100% real. Let's take a look back at the past month and how the local real estate market performed.
1. Prices are up again - The median home sales price for March was $242,000, a 2.5% increase from this time last year.
2. Lots of new listings hitting the market - Good news for home buyers - more listings are coming up for sale, giving them more options to choose from.
3. Number of closed sales continues to decline - While price keeps going up, the number of people buying homes continues to decline. Many experts still contribute this to just a low inventory of homes available to buy and increasing prices, as the rest of the economy is still very healthy with low unemployment and rising wages.
For more detailed market data in your specific suburb or neighborhood, click on the links below.