Market Statistics – February 2018

 February 2018

Prior Year

Current Year


Average Sales Price




Median Sales Price




Inventory of Homes for Sale




Days on Market




Closed Sales






The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding. Markets are poised for increased supply, so there is hope that more sellers will take advantage of what appears to be a ready and willing buyer base.


New Listings remained flat at 224. Pending Sales increased 5.9 percent to 180. Inventory shrank 15.2 percent to 1,084 units. Prices were still soft as Median Sales Price was down 1.0 percent to $162,000. Days on Market decreased 12.7 percent to 145 days. Months Supply of Inventory was down 23.9 percent to 5.4 months, indicating that demand increased relative to supply.

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