RMLS Stats for March 2024

• New listings (2,425) decreased 7.5% from the 2,623 listed in March 2023, and increased 16.3% from the 2,085 listed in February 2024.

Pending Sales

• Pending sales (2,138) increased 2.8% from the 2,079 offers accepted in March 2023, and increased 22.7% from the 1,742 offers accepted in February 2024.

Closed Sales

• Closed sales (1,578) decreased 9.6% from the 1,745 closings in March 2023, and increased 22.9% from the 1,284 closings in February 2024. 

Inventory and Time on Market

• Inventory decreased to 2.3 months in March. Total market time increased to 91 days. 

Year-to-Date Summary

• Comparing the first three months of 2024 to the same period in 2023, new listings (6,513) increased 1.9%, pending sales (5,189) decreased 3.2%, and closed sales (4,076) decreased 6.1%.

 Average and Median Sale Prices

• Comparing 2024 to 2023 through March, the average sale price has increased 2.1% from $567,100 to $578,800. In the same comparison, the median sale price has increased 2.0% from $514,900 to $525,000. 

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