Market Update Ada 6/15
AdaTownship seems to be bucking the area trend with more Active Listings available than at any other time in the last two years! Although the current data shows 3 months of inventory demand seems to be on the rise as well, as we might expect heading into summer. In the last two years we can see that the number of new listings peaked at or near the number of new listings we saw this past March.
If the number of new listings drops off again this summer, combined with the higher demand it could create a perfect storm for Ada Sellers. But Buyers should not dismay, inventory is slightly higher than last year at this time, so there are a few more homes to choose from and prices remain competitive with average sold prices holding close to the average list price.