CONDO/TOWNHOUSE There were 68 sales during the quarter,
25.9% more than the same period last year.
Listing inventory fell 16.9% to 360 over the
same period. As a result the absorption
rate, the number of months to sell all
inventory at the current pace of sales, fell
34% to 15.9 months from the same period
last year. The faster market pace pushed
down days on market, the number of days
from the last price change to the contract
date, by 10 days to an average of 182 days….

SINGLE FAMILY Median sales price
increased 10.7% to $3,100,000 from the
prior year quarter to the highest first quarter
reached since 2009. Average sales price
jumped 56.7% to $6,450,093 over the same
period. The average square footage of a
sale was 5,261, up 20.9% from the prior
year quarter…