February Residential Highlights:
New listings (137) decreased 3.5% from the 142 listed in February 2020, and decreased 5.5% from the 145 listed in January 2021. Pending sales (132) decreased 12.6% from the 151 offers accepted in February 2020, and decreased 6.4% from the 141 offers accepted in January 2021. Closed sales (96) decreased 16.5% from the 115 closings in February 2020, and decreased 2.0% from the 98 closings in January 2021.
Inventory and Time on Market:
Inventory decreased to 1.6 months in February. Total market time decreased to 50 days.
Year to Date Summary:
Comparing the first two months of 2021 to the same period in 2020, new listings (282) decreased 12.7%, pending sales (265) decreased 12.5%, and closed sales (197) decreased 15.8%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through February, the average sale price has increased 26.4% from $229,300 to $289,900. In the same comparison, the median sale price has increased 20.0% from $220,000 to $264,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
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*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.