The big news for the first quarter of 2015 is that sales volume dropped like a rock compared to Q4 2014.
But prices edged up even higher.
Bottom line: There were 41% fewer single-family home and 28% fewer condo sales in the first quarter of this year. Of course, the first quarter of any year is typically slower due to buyers and sellers recovering from the holidays. But given the frothy nature of the market right now, I would have expected a touch more volume.
Here’s a snapshot of how things went down in the two most popular segments of the real estate market:Continue Reading