Faris Team CEO and Broker, Mark Faris, says that because the market paused this time last year when the first lockdown hit, April 2021 stats are comparatively well above last year.
This April saw a surge of new inventory, but just as fast as For Sale signs went up, properties sold, so active inventory was down 55-65% across the region.
Watch below to see exactly how the market performed in April.
3 Market Trends in April 2021:
1. More inventory
Many more listings hit the market, finally giving options to buyers
2. Sale prices jumped
45-60% on average, and a whopping 80% in Midland and area
3. Spring Market marches on
An active spring market means sellers continue to get well over asking price
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