Greetings!
New Listings:
New listings (110) decreased 24.1% from the 145 listed in February 2022, and decreased 11.3% from the 124 listed in January 2023.
Pending Sales:
Pending sales (105) decreased 24.5% from the 139 offers accepted in February 2022, and decreased 16.0% from the 125 offers accepted in January 2023.
Closed Sales:
Closed sales (93) decreased 18.4% from the 114 closings in February 2022, and increased 10.7% from the 84 closings in January 2023.
Inventory & Time on the Market:
Inventory decreased to 3.3 months in February. Total market time decreased to 68 days.
Year to Date Summary:
Comparing the first two months of 2023 to the same period in 2022, new listings (234) decreased 17.3%, pending sales (221) decreased 19.0%, and closed sales (179) decreased 24.8%.
Average and Median Sales Prices:
Comparing 2023 to 2022 through February, the average sale price has decreased 5.4% from $334,400 to $316,400. In the same comparison, the median sale price has decreased 4.2% from $306,500 to $293,500.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
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.