The housing market in April broke all records for houses sold, total dollar volume, and average and median selling prices in our year-over-year comparison back to 2006. And the year-to-date numbers also shattered previous records. This was significant since 2016 became the peak year for the housing market and the percentage increase for April 2017 was 6 to 26 percent above April 2016.
In addition, the April average and median selling prices jumped 11 and 30 percent respectively, over March selling prices.
The 16 percent drop in the number of houses for sale continues to fuel the record setting pace that we saw in April. At the end of April there were 1,794 houses for sale compared to 2,134 houses in April 2016. This gave us just a 5.9-months supply of houses for sale going into the peak selling season with a very tiny increase over the inventory in March of 1646 which was a 5.4-months supply. In April 2010, the inventory was at 3452 houses for sale and at 15.6-months supply.