April data points from REIN:
- Active residential listings for the month were 3,837, up when compared to 3,574 in March and up from 3,156 in April 2023.
- Pending sales for the month were 2,569, up when compared to 2,317 in March and up from 2,363 in April 2023.
- Settled sales for the month were 2,189, up from 2,057 in March and up from 2,053 in April 2023.
- Median sale price (MSP) of homes sold during April was $344,000. That’s the second highest monthly MSP on record in the region. The MSP was $332,000 in March and $320,000 in April 2023.
- Month’s Supply of Inventory (MSI) for the month was 1.87, compared to 1.75 in March and 1.32 in April 2023. MSI is a calculation of how many months there would be homes on the market if no new inventory was added.
- Median days on market (DOM) for the month was 14, down from 18 in March. The median DOM for April 2023 was 12.
- Residential new construction sold via the MLS during the month totaled 245, matching 245 in March, and up from 213 in April 2023.
