Supply just stepped back.
Twenty-three single-family closings, flat against last March. Median sale price up fourteen percent to eight hundred thirty-five thousand. Average sale price up eleven percent. The headline that stops the eye, though, is on the supply side: new listings dropped thirty-eight percent and active inventory came down twelve percent year over year.
Read those together. Closings held steady, prices firmed, and the supply pool tightened. That is the textbook setup for a market that compresses through spring rather than expanding. Dollar volume came in eleven percent ahead of last March on the firmer mix.
What changes between this March and last March is the absolute level of supply going into April. Last spring the working selection was deep enough that buyers could be selective. This spring, the selection is meaningfully thinner. The pricing read for sellers and buyers both shifts with it.