After last year's steady improvement in the single-family home market, this year's up and down performance so far is unsettling. About 12 percent fewer homes have sold in the first quarter of this year and the average price is down by 5.7 percent after a weak March. April sales are looking stronger, though, at least in the number sold.
Hopefully the continued low inventory will support prices even with three-quarters of the historic number of sales. There are still fewer than 1,600 properties for sale.
14 ... single-family homes sold for $1 million or more to date 2013
21 ... single-family homes sold for $1 million or more to date 2012
Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.