Last week's 17 new listings should give buyers something to get excited about. This brought inventory almost up to 40 single-family homes for sale, a benchmark we have yet to clear in 2018. Since the middle of February, sales homes have been consistently selling 7-14% above their asking price, which for sales averaging north of $1.6 million, is anywhere from $110,000 to $220,000 over ask. If inventory can sustain any sort of growth through summer, perhaps we will start to see these numbers mellow out a bit.
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