As things finally start to thaw out this spring, it is time for a quick update on current market conditions. The cold and snow this winter put a damper on the start to 2014. Units sold in March were down 41% over last year, and sales are down 16% year to date. Days on the market are up 24% to 199 average. Average sales price is up 34% year to date, this is due in part to low supply of inventory at the lower price points. Year to date dollar volume is up 13% as buyers move into the higher price points, including the luxury off lake segment.
With that said, activity has really started to pick up in the last 2 weeks, and I was out showing properties every day this week. You still have time to close before Memorial Day weekend if you move quickly. If you are looking in the luxury off lake segment, there continues to be many great options available. Please contact me if you need any additional information.
*All market data is sourced from SWMAR.ORG