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FEBRUARY MARKET REVIEW

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Posted by: Jordan Pickering on Wednesday, March 28, 2018 at 6:00:00 am

FEBRUARY MARKET REVIEW

New housing data released last week shows a decrease in pending sales of 1.2 percent but an increase in closed sales, up by 8.2 percent in February.

Median sales price was on the rise this past month as well, up 10.2 percent to $167,500, however, the market saw a drop in new listings, decreased 8.7 percent in February and 4.4 percent for the quarter.

To download the Monthly Indicators report, click here.  In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on March 16.

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