March Real Estate Market Data Comparison

In a comparison between March 2017 and March 2018, the number of houses on the market has increased by 16%, the average days on the market has increased by 27% (45 days to 57 days) and the median sale price has remained stable at around $380,000. All of this data are indicators that the real estate market is in the process of slowing down. This all may be a reflection of increasing interest rates and an overall economy that is increasing but at a decreasing rate.