Sales for March totaled 288 up by almost 40% from last month and down from March of 2021 by almost 25%. The same inventory conditions continue...not enough choices for the amount of buyers. Five out of nine towns had an increase in median sale price and six of nine had an increase in selling price per square foot. Time to sell dropped considerably and most sales are at or above asking price. Sales above $2.0 million accounted for about 18% of the total. Sales below $1.0 million accounted for about 55% of the total. A rise in interest rates could present a new drag on the market, but we will have to wait and see.
Information obtained from SmartMLS.