Monthly Market Stats

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February 2019 Market Commentary:

  • New and Sold listings
    • New listings up almost 10% for Feb ’19 vs Feb ‘18.
    • Sold listings down 4% for Jan ’19 vs Jan ‘18.
    • Sold listings flat for Feb ’19 vs Feb ‘18.
    • This spring could look more like the spring of ’17 and ’18 than initially thought (for # sold)… but with more inventory, there should be fewer multiple offer situations.
  • DOM
    • Up from 32 days to 39 days.
    • DOM should continue to drift up.
  • Price
    • Median about flat.
    • Since wages are going up and interest rates are attractive, this should help affordability.
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