As spring begins to breathe new life into the Columbia Valley, the residential real estate market is showing signs of growth and resilience—just like the crocuses poking through the last of the snow. March brought a mix of fresh inventory, rising prices, and steady sales activity, pointing to a market that’s balancing out after a dynamic winter. Let’s dig into the numbers and see what this means for buyers and sellers this season.
🌷 Listings Ease, But Demand Remains Strong
New listings dipped 18.75%, with 65 properties hitting the market compared to 80 last March.
Despite this seasonal pullback, demand stayed consistent, with 38 homes sold, a slight 2.7% increase over last year.
This shows us that while fewer homes are entering the market, motivated buyers are still making moves—and quickly!
💸 Prices Continue Their Spring Climb
Average List Price: $595,832 (+6.67% YoY)
Average Sale Price: $568,137 (+7.52% YoY)
This upward trend in pricing highlights the strong market confidence. Sellers are achieving excellent returns, while buyers should be prepared for competitive pricing across many segments.
⏱️ Days on Market Creeps Up, But Still Healthy
Homes took an average of 90.21 days to sell, a 2.76% increase from last year. While slightly longer than last March, this figure still suggests steady buyer engagement, particularly in higher price points.
🏘️ Inventory Holds Steady, Keeping Market Balanced
End-of-month inventory: 236 homes, down 5.6% YoY
Months of Supply: 6.74 months, a slight 3.35% drop
With a stable level of active listings and a healthy absorption rate, we’re looking at a market that’s neither too hot nor too cold—perfectly spring balanced.
📊 Key Takeaways for March
Buyers:
Be ready to move fast—inventory may be tighter, and prices are climbing.
Work with an agent to stay ahead of new listings, especially as spring activity ramps up.
Sellers:
This is a fantastic time to list.
With fewer listings competing and prices trending up, your property could stand out—especially if it’s move-in ready and well-presented.
🌼 Spring into Action with Sherlock Homes
Whether you’re planting the seeds for a future purchase or ready to list your home this spring, the Sherlock Homes Real Estate Team is here to help you grow your real estate goals into reality. The Columbia Valley is buzzing with fresh energy—let’s make this your season of smart moves!
Let’s Chat!
📍 Geoff Sherlock
📞 250-688-5151
📧 geoff@remaxinvermere.com
📍 Lindsey Sherlock
📞 250-409-6464
📧 lindsey@remaxinvermere.com
Spring has arrived—let’s turn over a new leaf in your real estate journey! 🌸🔑
