There were 385 homes sold in the month of March. The pace of sales decreased -25% below last month's sales pace, but was still 5% above the same month of the previous year. Home sales are up desipte interest rates that were rising earlier in the year. If you are thinking about selling, doing so prior to the Summer market might be advantageous as inventory levels typically rise causing less demand among purchasers.

Home prices declined on a month-to-month basis in March, dropping -5% to an average sales price of $327987,000. Year-over-year prices decreased -2%. The deceleration in home price growth reflects improving inventories and provides buyers who experienced tight supply for much of the year with more inventory to select from

The number of homes available increased 7% compared to the same month of the previous year, with 944 homes available for sale in March. This translated to 2 months supply of active listings based upon closed sales. Inventory levels are low from this time last year which can cause an increase in home sales. However with interest rates expected to rise in 2023 we could see a gradual plateau in appreciating values with increased inventory for the later half of 2023