Just like the weather and the stock market the February numbers for home sales were a mixed bag. Despite being the shortest month and weather being at times challenging sales were only down -10.3% from 2017’s numbers of 29 closed sales with 26 closed transactions for February 2018. On the upside, the average days on market fell -11.5% to 123 days from 139 days in 2017. The median sales price unfortunately also fell -7.8% from 2017’s $292K to $259,950 in February 2018.
Yet year-to-date numbers are up 5.9% with 54 closed sales from 51 in 2017. Inventory levels still remain low at only 2.47 months of inventory as of today. We currently have 115 total listings available, and 70 listings under contract. Of the available listings only 18 are brand new – or less than 8 days on the market.
March will be a catch up month as sales that went under contract during February are closed.
If you are thinking of selling your home call today and get a real home valuation by a real person!