The following charts track 1st Qtr. single family home sales from 2004 to 2017.
First up, for Homes Sold up to $999,999
Look at that jump in sales this year, more homes sold in the 1st Qtr. of 2017 than any year except 2005.
Next Up are Homes Sold at $1,000,000 & UP, a still struggling segment of the market that appears to be making progress.
A less impressive 1st Qtr. than for homes sold for less than $1mil, nevertheless, for the first time in years sales rose, rather then fell, two 1st Qtrs. in a row - 2016 & 2017.
Last year, atypically, more homes sold at $1mil+ from July thru December (in the off season) than during our supposed high season of January thru June, resulting in 2016 racking up more sales at $1mil+ than any year since 2008.
Not like way-more, just some more.
And finally, the icing on the cake, rising median sold prices
Again, two consecutive 1st Qtrs. with rising median sold prices. And sold prices this year that are higher than any year since 2008. Yippee!
We may actually, finally, be getting out of the woods.
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