The local real estate market in April continued to strengthen as we recorded a 4th consecutive month of double digit increases in residential sales volume, inclusive of single family residences, multiple family residences and individual residential condominium units.
We've experienced increases in sales volume each month during this calendar year with April reaching a total of 188 residential housing unit sales, the largest jump in sales volume month-to-month, up 22.08% over March, and up 88% since January.
Despite the higher volume of activity posted in April a softening of mean and median sales prices occurred during the same period of time, this after experiencing 3 months of gains in both price categories.
During April the median sale price dipped 12.14% to $209,900. while the mean sale price dipped 9.30% to $239,350. Worth noting, however, is that in each category despite the continuation of seesawing prices the overall trend since January 1st is for increases of 0.50% and 0.73% in median and mean sales prices, respectively.
These sales statistics cover the towns of Berkley, Dartmouth, Dighton, Fall River, Little Compton, RI, Somerset, Swansea, Tiverton, RI, and Westport. They reveal monthly activity for residential properties that went under agreement from 01/01/2013 through to 04/30/2013 in our local market area as serviced by the H3MLS-Property Information Network.
If you're ready to jump off the fence and into the local real estate market and take advantage of the opportunities that exist, contact us today to determine your options as either a buyer or a seller. We're here to work through the complexities of the local real estate market, make sure you neither under sell or over pay for your property, and potentially save you thousands of dollars in the process!
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