March 12th, 2023 12:17 PM by Christopher Terry
The number of homes listing in February jumped 138% from the previous February.
There were 31 single family homes listed for sale in February compared to just 13 last February. That’s a 138% increase from the previous year. This is good news for our inventory staved market. And more inventory means more options for buyers.
Months of supply jumped 195%. But even with that large jump there is still only 1.18 months of supply on the market. Well below a healthy real estate market.
Days to an offer was only up slightly, going from 21 days last February to 24 days this February.
And, even with the higher interest rates side lining many buyers the median sales price was up 2.33 % to $375,000.
Of course, all real estate is local, so let me know if you want to know more about what is happening in your neighborhood and if you like these updates, please like and subscribe so you can stay in the know.
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