FEBRUARY 2020 New Listings:
We start by looking at the NEW LISTINGS that came on the market in February and we begin with 2018, where we see there were 428 NEW LISTINGS that came on the market. In February of 2019, we find a decrease of -0.2 percent with 427 NEW LISTINGS. The following year in February of 2020, we decreased by -4.0 percent with 410 NEW LISTINGS.
FEBRUARY 2020 Homes for Sale:
We again, start by looking at February of 2018, where we see there were 806 HOMES FOR SALE. In February of 2019, we find an increase of +12.0 percent with 903 HOMES FOR SALE. The following year in February of 2020, we decreased by -27.6 percent with 652 HOMES FOR SALE.
FEBRUARY 2020 Pending Sales:
Let's view February of 2018, where we see there were 318 PENDING SALES. In February of 2019, we increased by +15.4 percent with 367 PENDING SALES. The following year in February of 2020, we increased by +18.0 percent with 433 PENDING SALES.
FEBRUARY 2020 Median Days on Market:
Let's view February of 2018, where we see there were 27 MEDIAN DAYS ON MARKET. In February of 2019, we held even with the previous year of 27 MEDIAN DAYS ON MARKET. This year in February, we decreased by -40.7 percent with only 16 MEDIAN DAYS ON MARKET.
FEBRUARY 2020 Months Supply of Homes for Sale:
In February of 2018, the MONTHS SUPPLY OF HOMES FOR SALE was 2.4. In February of 2019, we increased by +4.2 percent with a 2.5 MONTHS SUPPLY OF HOMES FOR SALE. This year in February, we decreased by -36.0 percent with 1.6 MONTHS SUPPLY OF HOMES FOR SALE.
So there is your comprehensive LOCAL look at the real estate market. If you are thinking about purchasing a home, please reach out to the Linda Hall Team. We'd love to assist you!!