February Residential Highlights:
New listings (145) increased 5.8% from the 137 listed in February 2021, and increased 6.6% from the 136 listed in January 2022. Pending sales (139) increased 5.3% from the 132 offers accepted in February 2021, and decreased 3.5% from the 144 offers accepted in January 2022. Closed sales (114) increased 18.8% from the 96 closings in February 2021, and decreased 5.8% from the 121 closings in January 2022.
Inventory and Time on Market:
Inventory held steady at 1.5 months in February. Total market time increased to 54 days.
Year to Date Summary:
Comparing the first two months of 2022 to the same period in 2021, new listings (283) increased 0.4%, pending sales (273) increased 3.0%, and closed sales (238) increased 20.8%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through February, the average sale price has increased 15.4% from $289,900 to $334,400. In the same comparison, the median sale price has increased 16.1% from $264,000 to $306,500.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
CLICK HERE TO VIEW THE REPORT!
*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.