Also, remember that the March 2015 over March 2016 quarter increase is for home sales closed. The prices should also be higher in March 2016 than March 2015.
Here are the recent average home sales prices (in thousands):
**Q end # sold avg price**
9/30/12 320 $134.20
12/31/12 320 $138.11
3/31/13 253 $141.28
6/30/13 411 $146.53
9/30/13 448 $151.78
12/31/13 505 $152.47
3/31/14 485 $156.54
6/30/14 662 $160.74
9/30/14 557 $166.10
12/31/14 652 $166.29
3/31/15 671 $179.87
6/30/15 853 $186.20
9/30/15 934 $186.25
12/31/15 946 $186.86
3/31/16 844 ???
Last March we had a big jump in average sales prices and average prices have been flat for the past 3 quarters. But we must remember that these are averages and the average can be affected by many factors that say little about actual rising prices; such factors might include: the mix of homes sold (e.g. number of 3 bedroom versus 4 bedroom), the mix of location and relative prices in each of those locations, etc. While rising average price is probably a good thing, understanding the reasons behind the rise requires looking at the details of the sales rather than the average.