April was an interesting time for the Mueller market. So far May has been an adventure too. If you're not into watching scintillating videos, here's the breakdown of the April 2025 Mueller Market Update:

• Townhome Sales: Seven townhomes closed in April 2025 with a median sales price of $777,500, slightly down from March and year-over-year.

  
  

• Inventory Rise: Townhome listings increased from 11 in March to 12 in April—typical for spring market activity.

  
  

• List Price Accuracy: Homes are selling at 98% of original list price, indicating accurate pricing and motivated buyers.
  
  

• Townhome Days on Market: Average days on market was 24, suggesting homes are selling relatively quickly.
  
  

• Single-Family Sales: Only two single-family homes closed in April, bringing the median price down to $852,500, significantly lower than March’s $1.73M due to smaller, older homes selling.
  
  

• Single-Family Home Size: April homes averaged 1,989 sq. ft. with a 2008 build year, compared to March’s larger, newer homes (2,360 sq. ft., 2014).
  
  

• Improved Market Speed: Single-family homes sold faster in April (28 days) compared to March (39 days).
  
  

• Price Accuracy for Single-Family: Closed-to-list ratio for single-family homes was 96.2%, an improvement from March.
  
  

• Rising Listings: Single-family active listings increased to 12 in April from 8 in March, reflecting seasonal trends.
  
  

• Interest Rate Impact: Mortgage interest rates rose to around 7%, adding uncertainty and potentially affecting buyer behavior moving into summer.