Clients, friends, and colleagues:
The median HOUSE sales price in March 2026 hit $2,150,000, up 18% year-over-year, exceeding the previous peak of $2,050,000 in April 2022. The median CONDO sales price was $1,357,500, up 27% year-over-year, marking the second-highest monthly price ever, just under the April 2022 peak of $1,375,000.
Luxury HOUSE sales of $5M+ are up 83% year-over-year (22 total sales), surpassing the previous peak in June 2021. Luxury CONDO sales of $3M+ are up 380% year-over-year, exceeding the previous high of 17 sales in August 2021.
The number of homes listed for sale fell 28% year over year. The inadequate supply of listings - especially houses - compared to soaring demand continues to pressurize the market as buyers compete for scarce listings.
85% of house sales sold over list price with an average of 23% over list, tied with April 2022 for highest overbid percentage ever. 62% of condo sales sold over list price with an average of 7% over list, the highest overbid % since 2019.
The average days on market to acceptance of offer was 29 days in March 2026 (keep in mind the median days on market is just 12 days for houses; 18 for condos), the fastest rate of sale since spring 2022. Price reductions fell 39% year over year.
The market is dynamic as ever, with well-positioned properties selling quickly for new records. Our market does remain nuanced, however, and there are some listings I've seen fall through the cracks. Please feel free to reach out with any questions - I am always here to help.
Warmly,
Ron
Recent sales, reviews, and listings at the bottom of this email.
