April cooled. The pipeline grew. The clock stretched.
April produced an unusual combination: sales count slipped twenty seven percent year over year, but the under-contract pipeline jumped fifty percent. Closings came in below last April, dollar volume came in below last April, yet the homes going under contract climbed sharply. That spread says the conversion from contract to close stretched out this April, with days-to-close extending fifty six percent. The buyer pool is real and growing; the closing window is just running longer.
The median moved up six percent and the percent-of-list ratio held at ninety nine. The dollar gap on the typical home, across all residential, came in at about nine thousand three hundred below list, the tightest read of any month in this dataset so far. Pricing discipline tightened materially even as the closing pace slowed. 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.