April Statistics Stellar MLS

The real estate market continues to thrive in the Stellar MLS coverage area, with strong activity and demand being seen across the board. The latest statistics for April 2023 show positive trends in active listings, new listings, pending sales, and listings sold. Here is a closer look at the numbers.

• Active Listings

There were 35,900 active listings in April 2023, which is a 4% increase from the previous month of March 2023. Compared to April 2022, there was a significant increase of 65% in active listings, which indicates a healthy and growing real estate market.

• New Listings

April 2023 saw 18,572 new listings, a 9% increase from the previous month of March 2023. However, compared to April 2022, there was only a slight increase of 17%, which indicates a possible slowdown in new listings. This could be due to a variety of factors, such as economic uncertainty or a lack of available properties.

• Pending Sales

There were 20,958 pending sales in April 2023, a 6% increase from the previous month of March 2023. However, compared to April 2022, the increase was only 9%, which suggests a leveling off of demand in the market. This could be due to rising interest rates or a shortage of inventory.

• Listings Sold

In April 2023, there were 15,771 listings sold, an 8% decrease from the previous month of March 2023. However, compared to April 2022, there was only a slight decrease of 15%, which is still a strong showing for the market. This indicates that properties are still moving quickly and demand remains high.

• ADOM

The average days on market (ADOM) for properties in the Stellar MLS coverage area remained stable at 46 days in April 2023. This indicates that properties are still selling relatively quickly and there is healthy demand in the market.

• Total Sales Volume

Total sales volume for April 2023 was $7.1 billion, a 6% increase from the previous month of March 2023. Compared to April 2022, there was a modest increase of 14%, indicating continued growth in the market.

• Average Sales Price

The average sales price for properties in the Stellar MLS coverage area was $452,668 in April 2023, a 3% increase from the previous month of March 2023. Compared to April 2022, there was a 2% increase, indicating steady growth in property values.

• Months of Inventory

The months of inventory (MOI) for the Stellar MLS coverage area remained stable at 2 months in April 2023. This suggests that the market is still in favor of sellers, as there is relatively little inventory available compared to demand.

Overall, the April 2023 statistics for the Stellar MLS coverage area paint a positive picture of the real estate market. While there may be some slight slowdowns in certain areas, such as new listings and pending sales, the market remains strong with healthy demand and continued growth.

To know the Value of your home Click here https://charelst.freehomevalues.net/

To get pre-approved Click here  https://fbchomeloans.com/bhaines