Sometimes the sales volume trend can be hard to see - the seasonality trend is obvious, but the overall trend gets hidden a little bit. But if you look at the April numbers, we can see 316 homes sold in April ‘16, then we were in the 330s in April ‘17 and April ‘18, before hitting 383 last month.
That’s approximately 20% more homes sold than 3 years ago, and more homes selling generally means more demand, which generally puts upward pressure on pricing. This is good news for Surprise.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.