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But the first three months overall of the year saw increases over the previous year in prices and sales compared to last year.
Sales volume generated by March’s activity totaled $195 million, leading to an average sale price of $151,537 and a median sale price of $130,000.
“All these figures were nearly identical to last year, with the median price hitting the exact same mark as March 2017,” the group said.
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Through March, sales reached 3,042, about a one percent improvement from 2017 when 3,020 transactions occurred over the same three months.
Sales volume was put at $457 million in sales transactions so far, a jump of more four percent from 2017.
The average sale price year-to date stood at $150,378 and represented a four percent increase over 2017’s year-to-date numbers. The median sale price also grew, from $126,825 in 2017 to $128,300 through March 2018, a one percent increase.
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Inventory remains a challenge, however. There were 1,877 new listings added in March, down from last year’s 1,961, and year-to-date listings saw 4,608 listings, a decrease of four percent from the figures submitted through March of 2017.
The overall inventory of single-family and condominium listings showed 3,785 available at month’s end, which represented a supply of 2.9 months based on March’s pace of sales.
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