February 2019 Market Reports
Posted by Christina Galbreath-Gonzalez on
It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions. Nevertheless, housing markets have proven to be resilient despite predictions of a tougher year for the industry. It is still too early to say how the entire year will play out, but economic fundamentals remain positive.
New Listings were up 2.3 percent to 665. Pending Sales increased 26.2 percent to 515. Inventory grew 5.5 percent to 2,298 units. Prices were still soft as Median Sales Price was down 2.3 percent to $299,150. Days on Market decreased 8.3 percent to 132 days. Months Supply of…
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