The real estate market has been through some ups and downs in the past few years. Let’s take a look at the statistics from April 2013 to April 2023 to get a sense of the trends.
Starting with sales activity, in April 2013, there were 16 sales, which increased to 28 by April 2023. The highest sales activity was seen in April 2021 with a 128.6% increase compared to April 2020, where there was a 5.9% decrease. April 2018 and 2022 saw the most significant decrease with a 40.7% and 36.0% drop, respectively.
Dollar volume also tells an interesting story. In April 2013, the dollar volume was $8,035,000, which increased to $30,923,199 in April 2023. The most significant increase was seen in April 2020 with a 233.1% jump. However, the dollar volume was down by 41.7% and 46.3% in April 2022 and 2021, respectively.
New listings have been fluctuating in the past few years, with a significant increase in April 2021 by 154.5% compared to the previous year. However, in April 2018 and 2016, there was a decrease of 31.7% and 17.6%, respectively.
Active listings also tell an interesting story. In April 2013, there were 75 active listings, which increased to 172 by April 2023. The most significant increase was seen in April 2022 with a 141.9% jump compared to the previous year. April 2018 and 2016 saw the most significant decrease with a 28.6% and 39.5% drop, respectively.
Sales to new listings ratio has been relatively consistent in the past few years, with the highest ratio seen in April 2021 at 103.6%. However, in April 2013, the ratio was significantly lower at 41.2%.
Months of inventory have also been relatively consistent in the past few years, with the highest months of inventory seen in April 2013 and 2016 at 8.9 and 3.9, respectively. In April 2023, the months of inventory were 4.9.
Average price has been on an upward trend, with the highest increase seen in April 2018 with a 90.9% jump compared to the previous year. In April 2023, the average price was $533,159, which is a 3.0% increase compared to the previous year.
Median price has also been on an upward trend, with the highest increase seen in April 2018 with a 90.8% jump compared to the previous year. In April 2023, the median price was $456,000, which is a 0.3% increase compared to the previous year.
Sale to list price ratio has been relatively consistent in the past few years, with the highest ratio seen in April 2021 at 100.9%. However, in April 2013, the ratio was significantly lower at 96.5%.
Finally, the median days on market have been fluctuating in the past few years, with the highest median days on market seen in April 2013 at 128.5. In April 2023, the median days on market were 56.0.
Overall, the real estate market has been through some ups and downs in the past few years. However, it seems to be on an upward trend, with an increase in sales activity, dollar volume, average and median prices, and sale to