The local housing market was looking strong as of last month.
Prices continued to creep higher, sales were robust, and inventory,
while slightly higher, failed to outpace the increase in demand.
Months of inventory is not as low as it was during the 2013 feeding
frenzy, but it’s just about the lowest since — if that doesn’t
change, we can expect further upward price pressure immediately
Longer term prospects are more dependent upon valuations, which is
another topic entirely. Nothing has substantially changed
since the last
update on that (yes, I know another one is due).
Here’s the overview of last month’s stats:
And the rest of the data presented without further comment: