• Median house sales price up 19%
• Median condo sales price up 5%
• Home sales volume up 52%
• Luxury home sales up 141%
Besides appreciation, the huge increase in luxury home sales was a factor in the jump in the median house price.
Q1 is typically a slow quarter, its sales and sales prices mostly reflecting activity during the mid-winter holiday “doldrums,” as the market gradually wakes up in the new year. But there was little in the way of doldrums this winter and the first quarter quickly accelerated into a very competitive, high demand/low supply market.
Interest rates, though still extremely low by historical standards, have climbed since their all-time low in January.
Within this report, market statistics on individual cities and towns follow the county analyses.
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