Cheaper homes go fast

April marks an influx of new listing in Orleans. Our listing thermometer is hot red. This is no news – it is a familiar pattern all over the country – spring comes and whoever wants to sell tries to sell in April, May and June. Orleans in not an exception.

Certain sectors of the market are cooling off

Look at the average asking price for a 3-bedroom single family home – it is significantly less than what sellers were asking a month ago. On the other side – same size townhouses are sold faster and keep the price. I will wait for another month before calling this an emerging trend.

Enjoy the chart below. Make your own conclusions… and share the knowledge.