This is an updated version of what appears in the May print edition, as it was submitted 2 weeks ago. Data for April is now complete, and the table reflects activity through April 30th. A few highlights:
- The number of transactions continues to be substantially higher than past years, and slightly ahead of the previous high, which occurred in 2013 (there were 52 transactions through the same date that year).
- All metrics continue to point to a very hot market, with average and median list and sold prices and price / sq ft all either roughly flat or above 2017
- Days on market has dropped substantially, from 58 days in 2017 to 27 in 2018.
The Takeaway: the market is hot and there is limited inventory. The average number of listings in Q1 2018 (taking an average of the number of listings in the three months, January – March) was just 35. It has been a very long time since we have seen so few active listings. Despite that fact, buyers are out in force and snapping up properties, with the number of transactions in Q1 2018 the most in the first quarter since 2012.
As always, if you have questions about the Tarrytown real estate market or would like to better understand how this information relates to the value of your own home, please feel free to contact me and I would be happy to visit with you.
Note: All data comes from the Austin Board of Realtors’ MLS report, reflecting activity through April 30, 2018