March Market Report

5.24.16  BY Mauricio Florian

In March of 2015 the average sale price was $669,824 and increased to $746,332 in March of 2016. This was 11% increase. The average amount of days that sellers waited to accept an offer in March 2015 was 43 days and decreased to 35 days in March of 2016. This means that sellers were able to sell their condos 19% faster. The amount of condos that sold in March of 2015 was 248. For the same period in 2016, 291 condo sold. This was a 17% increase in sales volume. This supports that sellers stand to sell for more money in less time in 2016.