The trend continues, and snow had nothing to do with it. We’re down in under contracts, down in closed sales and down in a little thing we like to call ‘price’, as compared to last year. We’ve got a little more inventory, too, so again the law of supply and demand comes into play.
The Average Sales Price for March is 97.8% of last year’s A.S.P. However, March ’07 was 102% of 2006’s A.S.P. In the big picture, the 2% is a difference of about $4,000, which over 30 years amounts to about 20 bucks a month. Not a huge deal, but worth keeping in mind if you’re buying OR selling.
March 2008 Tri-City Real Estate Market Statistics (650k PDF)