We’re heading into the summer months of real estate in this new economy, and it’s a good time to take stock of current market activity.
Word on the street is that buyers are moving with a renewed sense of urgency—probably due to the fear of interest rates rising in the near future.
There are 584 houses and 751 condos on the market.
258 single-family homes and 165 condos/TICs are pending, at an average list price of $763,039. (“Pending” means that all conditions have been removed, and the loan needs to fund in order to close the sale.)
And there are 186 single-family homes, as well as 300 condos/TICs that are currently in contract, with financing and inspection contingencies due to be removed.
38 houses have sold since June 1st, at an average price of $972,803; 17 condos have sold at an average price of $865,559.