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.
