FEBRUARY 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in February and we begin with 2019, where we see there were 427 NEW LISTINGS that came on the market. In February of 2020, we find we decreased by -0.5 percent with 425 NEW LISTINGS. This year in February of 2021, we decreased again by -22.6 percent with 329 NEW LISTINGS.
FEBRUARY 2021 Homes for Sale:
We again, start by looking at February of 2019, where we see there were 906 HOMES FOR SALE. In February of 2020, we find a decrease of -13.8 percent with 781 HOMES FOR SALE. This year in February of 2021, we decreased significantly by -76.1 percent with only 187 HOMES FOR SALE.
FEBRUARY 2021 Pending Sales:
Let's view February of 2019, where we see there were 367 PENDING SALES. In February of 2020, we increased by +6.8 percent with 392 PENDING SALES. This year in February, we decreased by -9.7 percent with 354 PENDING SALES.
FEBRUARY 2021 Median Days on Market:
Let's view February of 2019, where we see there were 27 MEDIAN DAYS ON MARKET. In February of 2020, we decreased from the previous year with 16 MEDIAN DAYS ON MARKET. This year in February, we decreased by -62.5 percent to 6 MEDIAN DAYS ON MARKET.
FEBRUARY 2021 Months Supply of Homes for Sale:
In February of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.6. In February of 2020, we decreased by -23.1 percent with a 2.0 MONTHS SUPPLY OF HOMES FOR SALE. This year in February, we decreased by -75.0 percent with only 0.5 MONTHS SUPPLY OF HOMES FOR SALE!
So there is your comprehensive LOCAL look at the real estate market. If you are considering a sale of your home then now might be a perfect time as the competition is low as we mentioned the inventory of homes is down by -76.1 percent from 2020 and the number of days on market is down by -62.5 percent to only 6 days! If you are interested in buying a home then let us help you get a competitive advantage. Please reach out to the Linda Hall Team. We'd love to assist you!!