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April 2021 April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase. New Listings increased 73.0 percent for Single Family homes and 86.3 percent for Townhouse/Condo homes. Pending Sales increased 172.1 percent for Single Family homes and 285.5 percent for Townhouse/Condo homes. Inventory decreased 80.2 percent for Single Family homes and 82.4 percent for Townhouse/Condo homes. Median Sales Price increased 31.5 percent to $355,000 for Single Family homes and 9.5 percent to $235,905 for Townhouse/Condo homes. Days on Market decreased 52.1 percent for Single Family homes and 30.4 percent for Townhouse/Condo homes. Months Supply of Inventory decreased 86.0 percent for Single Family homes and 87.7 percent for Townhouse/Condo homes. In the spirit of the great Wayne Gretzky, buyers, sellers, and their agents are all trying their best to skate to where the puck, or rather, the housing market, is going, not where it has been. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon, pointing to a continuation of this market trend through spring and into summer.