Although new listings have increased 16.5% and almost all of that came from traditional sellers (not foreclosures or short sales), inventory is still low, being 9.9% lower than last year.
That means there is still competition on well-priced, well staged homes for sale.
Buyers are keeping a sharp eye on new homes as they enter the market.
Meanwhile, pending and closed sales both up 10% and 8.9% respectively.
With all this, the median sales price i,ncreased by 16.9% over last year to $208000.
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