There are several different data points to review when analyzing the current market including median price, days on market and total inventory sold. Below is a snapshot of the last eight years of transactions closed and current inventory.
Condos
| Through 2/28/19 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
| Median* Sold Price | $434,500 | $402,500 | $349,900 | $299,750 | $305,000 | $292,500 | $265,000 | $244,000 |
| Median* Days on Market | 65 | 69 | 70 | 117 | 113 | 89 | 105 | 123 |
| Total Condos SOLD | 45 | 348 | 407 | 304 | 271 | 259 | 345 | 299 |
In summary, condos sold at roughly 15% higher price in 2018 and in about the same amount of time on market as 2017. The total number of condos sold was down approximately 17% in 2018. Although early in 2019, median price is trending up nearly 8%.
Single-Family Homes
| Through 2/28/19 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
| Median* Sold Price | $799,000 | $890,000 | $750,000 | $682,500 | $694,400 | $619,000 | $580,000 | $575,000 |
| Median* Days on Market | 158 | 113 | 131 | 132 | 165 | 145 | 103 | 181 |
| Total SF Homes Sold | 13 | 87 | 95 | 98 | 91 | 85 | 90 | 91 |
At the end of 2018, the median price of single-family homes was up 19% over 2017. The median days on market decreased 15% and the total properties sold was down 9%. In summary, fewer single-family homes sold in 2018 – those that did sell moved more quickly and at a higher price. The volume so far in 2019 is not sufficient to identify any trends.
The current inventory provides an indication of potential activity. Below is a snapshot of current listings:
| Currently Listed | Condos | Single-Family Homes |
| Median Price* | $469,000
DOWN from $498,888 in Feb |
$991,500
UP from $988,000 in Feb |
| Median Days on Market* | 66
NO CHANGE from Feb |
106
DOWN from 123 in Feb |
| Total Available on March 1** | 94
DOWN from 103 in Feb |
38
UP from 37 in Feb |
*Median Price is the middle value for a range of values and is a good indicator to use when there is significant data. It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.
**Total Available excludes properties currently under contract.