Housing markets have proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive.

New Listings decreased 11.9 percent for Residential homes and 8.9 percent for Townhouse/Condo homes.
Pending Sales decreased 4.7 percent for Residential homes but increased 9.0 percent for Townhouse/Condo homes.
Inventory decreased 23.6 percent for Residential homes and 22.9 percent for Townhouse/Condo homes.
Median Sales Price decreased 1.4 percent to $175,000 for Residential homes but increased 7.4 percent to $166,450 for Townhouse/Condo homes.
Days on Market increased 5.9 percent for Residential homes and 16.4 percent for Townhouse/Condo homes.
Months Supply of Inventory decreased 22.2 percent for Residential homes and 22.2 percent for Townhouse/Condo homes.

The National Association of REALTORS® recently reported that national existing-home sales were down slightly during March 2019 and that pending sales were up in year-over-year comparisons. It is worth noting that some softening of sales was anticipated, as was a positive sales bounce during March 2019 after a slow end to 2018. Weather-related events have hampered some of the necessary machinations of making home sales during March 2019, yet buyers have shown determination toward achieving their home ownership goals .