Housing Statistics - April 25
April 2025 was a Seller’s market!
The number of for sale listings was up 53.5% from one year earlier and up 22.1% from the previous month. The number of sold listings increased 0.5% year over year and increased 15% month over month. The number of under contract listings was up 5.9% compared to previous month and up 2.8% compared to previous year. The Months of Inventory based on Closed Sales was 2.1, up 59.3% from the previous year.
The Average Sold Price per Square Footage was up 3% compared to previous month and up 2.1% compared to last year. The Median Sold Price decreased by 1.8% from last month. The Average Sold Price also decreased by 1% from last month. Based on the 6 month trend, the Average Sold Price trend was “Neutral” and the Median Sold Price trend was “Neutral”.
The Average Days on Market showed a downward trend, an increase of 31.6% compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, a decrease of 1% compared to previous year.
| Category | Apr. 2025 vs. Mar. 2025 | % Change | Apr. 2025 vs. Apr. 2024 | % Change | Feb. 2025 to Apr. 2025 vs. Feb. 2024 to Apr. 2024 | % Change |
|---|---|---|---|---|---|---|
| For Sale | 1,992 vs. 1,631 | 22.1% up | 1,992 vs. 1,298 | 53.5% up | 1,992 vs. 1,298 | 53.5% up |
| Sold | 967 vs. 841 | 15% up | 967 vs. 962 | 0.5% up | 2,525 vs. 2,584 | -2.3% down |
| Pended | 1,063 vs. 1,004 | 5.9% up | 1,063 vs. 1,034 | 2.8% up | 2,862 vs. 2,789 | 2.6% up |
| Avg. Sq. Ft. Price (Sold) | 347 vs. 337 | 3% up | 347 vs. 340 | 2.1% up | 341 vs. 338 | 0.9% up |
| Avg. Days on Market | 25 vs. 32 | -21.9% down | 25 vs. 19 | 31.6% up | 31 vs. 26 | 19.2% up |
| Sold/Orig LP Diff. % | 99 vs. 99 | 0% | 99 vs. 100 | -1% down | 99 vs. 100 | -1% down |
| Avg. Active Price | 711 vs. 696 | 2.2% up | 711 vs. 756 | -6% down | 697 vs. 759 | -8.2% down |
| Avg. Sold Price | 615 vs. 621 | -1% down | 615 vs. 600 | 2.5% up | 611 vs. 598 | 2.2% up |
| Months of Inventory (Closed Sales) | 2.1 vs. 1.9 | 10.3% up | 2.1 vs. 1.3 | 59.3% up | 2.4 vs. 1.5 | 59.7% up |
| Residential | 2 Bedrooms | 3 Bedrooms | 4 Bedrooms | 5+ Bedrooms | All Bedrooms |
|---|---|---|---|---|---|
| Closed | #Units: 145 Dollar Value: $59,272,567 Average List Price: $412,236 Average Close Price: $408,776 Average Market Time: 35 Average Square Feet: 1152 % of List Price: 99.16% | #Units: 443 Dollar Value: $238,721,151 Average List Price: $536,919 Average Close Price: $538,874 Average Market Time: 30 Average Square Feet: 1548 % of List Price: 100.36% | #Units: 283 Dollar Value: $199,217,979 Average List Price: $705,648 Average Close Price: $703,950 Average Market Time: 32 Average Square Feet: 2170 % of List Price: 99.76% | #Units: 56 Dollar Value: $54,591,638 Average List Price: $986,115 Average Close Price: $974,851 Average Market Time: 50 Average Square Feet: 3266 % of List Price: 98.86% | #Units: 927 Dollar Value: $551,803,335 Average List Price: $596,063 Average Close Price: $595,257 Average Market Time: 33 Average Square Feet: 1780 % of List Price: 99.86% |
Property Sales (Sold)
April property sales were 967, up 0.5% from 962 in April of 2024 and 15% higher than the 841 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 694 units or 53.5%. This year’s bigger inventory means that buyers who waited to buy may have a bigger selection to choose from. The number of current inventory was up 22.1% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 5.9% in the pended properties in April, with 1,063 properties versus 1,004 last month. This month’s pended property sales were 2.8% higher than at this time last year.
The Average Sold Price per Square Footage was Appreciating
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the mix of high or low-end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The April 2025 Average Sold Price per Square Footage of $347 was up 3% from $337 last month and up 2.1% from $340 in April of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward Trend
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for April 2025 was 25, down 21.9% from 32 days last month and up 31.6% from 19 days in April of last year.
The Sold/Original List Price Ratio was Rising
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100%, the more of a Buyer’s market exists; a ratio at or above 100% indicates more of a Seller’s market. This month, the Sold Price vs. Original List Price of 99% was the same as last month and down from 100% in April of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
The Average For Sale Price was Appreciating
The Average For Sale Price in April was $711,000, down 6% from $756,000 in April of 2024 and up 2.2% from $696,000 last month.
The Average Sold Price was Neutral
The Average Sold Price in April was $615,000, up 2.5% from $600,000 in April of 2024 and down 1% from $621,000 last month.
The Median Sold Price was Neutral
The Median Sold Price in April was $550,000, down 0.2% from $551,000 in April of 2024 and down 1.8% from $560,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2025 Months of Inventory based on Closed Sales of 2.1 was increased by 59.3% compared to last year and up 10.3% compared to last month. April 2025 was a Seller’s market.
Months of Inventory based on Pended Sales
The April 2025 Months of Inventory based on Pended Sales of 1.9 was increased by 47.8% compared to last year and up 18.5% compared to last month. April 2025 was a Seller’s market.