Published 1st May 2021
April ‘arithmetic’ From The Resort Area… Total sales across the resort market of 564 represented a 234% increase on the 241 closings in April 2020 and were also 4.6% up on the 539 sales recorded last month. The number of homes under contract awaiting closure was 28 lower than last months total of 883 but 229% higher than the 386 total in April last year. A home that sold in our market during April 2021 achieved on average 98.1% of its listed price and closed in an average 99 days from being listed. These numbers compare to 97.6% and 98 days respectively in April 2020. The markets median price was 7% higher than twelve months ago moving from $238,438 to $255,306. The median price was also 0.7% higher than the $253,420 recorded last month. During April 76 homes were withdrawn from sale having failed to attract a buyer which compared to the 144 withdrawn listings during the corresponding month last year. Inventory levels overall have continued to fall with the current pace of sales indicating a 1 month supply of overall available inventory which was the same as last month but significantly below the 6.7 month level recorded during April 2020.