April Market Report

April was a relatively quiet month, with 22 sales totaling $51 million—slightly more transactions but lower dollar volume than the 21 sales and $62 million recorded last April. The stable transaction count and lower dollar volume reflect the variety of properties that closed, not a weakening market.

Stepping back, the year-to-date numbers are encouraging. Through April, transaction counts are up by one compared to last year, and dollar volume is ahead by 34%—the gain driven primarily by the strong first quarter.

Overall market conditions remain favorable. Inventory has increased modestly to 151 properties, up from 145 a year ago, but demand is steady and well-priced listings continue to attract buyers.

Stay tuned for our May report in a few weeks.