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Home Prices

 

 

The median home price was $491,065 in March, which was down 0.8 percent from February and a 10.3 percent decrease from March of last year.

 

Home Sales

 

 

A seasonally adjusted 37,931 homes were sold in March, which was up 1.6 percent from February and down 16.2 percent from March of last year. So far, 2018 sales are trailing 2017 by approximately 17,281 home sales.

 

Inventory - Month's Supply

 

 

The sales-to-new-listings ratio dropped to 53.0 percent in March. This ratio could indicate a balanced market in the majority of regions.