The Numbers
March 2023 Real Estate Market Statistics
Average
Sale Price
Depleted inventory, stabilized B.O.C rates, and spring optimism have resulted in prices surging for 3 of 4 market sectors (4th one to follow shortly). Expect this trend to continue heading into the summer months.
Single Family
$485,739 (+5.7)
Condominium
$192,746 (+2.9%)
Duplex
$365,455 (+2.2%)
Townhouse
$247,796 (-1.4%)
Average
Days on Market
Days on market starting to shrink as deal velocity speeds up. Patient sellers are starting to see their homes go on the other side of Spring Break.
Single Family
46 (53)
Condominium
60 (67)
Duplex
39 (47)
Townhouse
52 (57)
Total Listings & Sales
Inventory is starting to surge to meet up with demand! Hitting the market anytime over the next few months is advisable for nearly all market sectors.
Listings
3,348 (+32.4%)
Sales
1,834 (+42.3%)
Highest Sale
A stunning 4,600+ sq ft Sturgeon County Estate overlooking the river valley secured the highest sale while a 1,500 sq ft penthouse in Mactaggart represented the highest condo sale.
Single Family
$2,300,000
Condominium
$960,000
Duplex
$691,000
Townhouse
$643,051
Want to know what these numbers mean to you?
We can help with that.
