The median days on market for SFH sales has increased by 23.5%. The condo market has dropped by 16% compared to 2014. There was 2.7 months of remaining inventory in the SFH market and 3.4 months remaining inventory for condominiums.
SFH priced in the $475,001-$550,000 range has the least days on market at 19. Condos priced in the $375,001-$475,000 ranges has the least days on market, also at 19.
SFH sales received an average of 97.5% of their list price and condominiums received 100%.
There were 244 SFH sales and 403 condo sales in March while 415 SFH listings and 703 condominium listings entered the market.
Data source: HBR Monthly Housing Statistics