Weekly Average Price Per Square Foot for Active Listings

Taking a quick look at the weekly average price per square foot for active listings via the Cromford Report we see pricing is now slightly lower that it was at this same time last year. 

This week 2014 = $175.83

This week 2013 = $176.42

This marks the first time we have seen a drop since 2011. The monthly average price per square foot sold is still looking encouraging for sellers. This may mean the 2nd quarter of 2014 may hit a short term top in sales pricing. The second half of the year is the most likely time for sales prices to ease up. Most importantly current market readings suggest that any sales price weakness is not likely to be severe.