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Home Prices

The median home price was $548,517 in March, which was an increase of 5.6 percent from February and a 7.9 percent increase from March of last year.

 

Home Sales

A seasonally adjusted 46,359 homes were sold in March, which was up 1.1 percent from February and up 1.6 percent from March of the previous year. Currently, 2017 is outpacing 2016 by approximately 1,746 home sales.

 

Inventory - Month's Supply

The sales-to-new-listings ratio eased to 67.4 percent in March. This ratio could indicate a seller?s market in the majority of regions.