A spring that opened deep on both sides of the page.
Q1 set the tone for the year. Closings ran thirty percent above last spring, dollar volume up thirty one percent, the median up six percent. At the same time, the inventory shelf opened the year almost forty percent deeper, new listings came in twenty seven percent above last Q1, and the under-contract pipeline ran thirty eight percent ahead. Both sides of the market arrived in volume, and the quarter produced more deals at firmer prices on a wider shelf.
Inside the quarter, the rhythm changed month to month. January closed soft with a loud pipeline. February reversed sharply on a high-end-heavy mix. March pulled the mix back to normal with deep supply and strong pipeline. The quarter ended with the pipeline reloaded for Q2. For the short read on where your home would price into this, my what is my home worth in Hurricane page is the fastest place to start.