An influx of inventory is welcome news for buyers seeking more options in their home search. However, Carlson pointed out, this market has bright spots for sellers, too.
In April, homes for sale across the U.S. were spending an average of 40 days on market before selling – four days faster than in March and 11 days faster than in February. Plus, the median sales price increased by $5,000 from March, landing at $440,000. This is $10,000 higher than April 2024.
Three markets in the REMAX report saw particularly noteworthy median sales price jumps in April:
- Cleveland, Ohio: median sales price of $244,000 – a 10.9% increase year-over-year
- Hartford, Connecticut: median sales price of $375,000 – a 10.3% increase year-over-year
- Birmingham, Alabama: median sales price of $315,000 – a 9% increase year-over-year
On the flip side, some cities surveyed in the REMAX report saw annual decreases in median sales price, like Bozeman, Montana; Honolulu, Hawaii; and Tampa, Florida. Housing market conditions often vary greatly place by place, underscoring the value of working with an experienced local real estate professional when it’s time to buy or sell a home.
A trusted agent will leverage their skillset and expertise to help ensure a smooth transaction. After all, homebuying and selling are important life milestones, and it’s best to work with someone who can guide you every step of the way.
Looking to make a move this spring? Get in touch with a local REMAX agent today. Each year, REMAX agents help hundreds of thousands of people buy or sell a home – and they have the experience to get the job done in today’s market.
