April 2025 Market Highlights

📊 April 2025 Market Highlights

🏠 Homes Sold

• 3,228 total homes sold, marking a 3.19% decrease from April 2024.
  •  2,339 single-family homes
  •  889 condos/townhomes
• Although sales volume is slightly down year-over-year, the market remains active.

⏳ Median Days on Market

• 33 days on market, down from 36 days last month.
  
  • Homes are selling slightly faster, indicating sustained buyer demand and possibly more competitive offers.

💵 Pricing Trends

• Median price per square foot: $237.39
• Single-family median sold price: $569,900
  
  • Up 1.58% from last April
• Condo/townhome median sold price: $415,000
  
  • Up 2.47% from last April
  • Both segments show continued price appreciation, with condos seeing slightly stronger gains.

📦 Residential Inventory

• 6,028 new listings entered in April 2025, compared to 5,136 in April 2024.
  
  • That’s a 17.39% increase in inventory, giving buyers more options and potentially softening the market over time.

🔍 What This Means

For Buyers:
There’s more inventory to choose from, but homes are still moving fast. Be prepared to act quickly when you find the right property.

For Sellers:
Prices are holding firm and even rising, but with more listings on the market, it’s important to price competitively and stage well to stand out.

For Investors:
The consistent price growth, especially in the condo/townhome sector, signals solid investment potential, though watching inventory trends will be key.