March McLennan County Report
March saw marketable improvements from February, with home sales up 40% from the month prior. That brings the total within 17% of the same month in 2022, which was a record year. We are seeing sales start to pick up the pace, with homes selling faster and at better prices than the last 6 months. Homes that didn't sell in Late 2022 have started relisting and selling in just a few weeks now.
New listings are up in March, as the selling season approaches and continuing the trend of the previous years. Also up is the sales, and at a faster rate, closing in on the past sales amounts for the previous 2 years.
Average Sales Price increased as a response to the new demand shown in the number of sales. The days on market also dropped in correlation with the new demand that is picking up. All numbers currently point to a trend of an active selling season with a small appreciation in prices continuing throughout the summer.
As always, if you are considering buying or selling, give us a call. Now more than ever it is important to find a local real estate expert to help you navigate the ever changing market.
The Vander Woude Group
2032A N. Valley Mills Dr., Waco, TX
254-300-6115
vwgroupwaco@gmail.com
www.thevwgroup.com
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