By Nicole Happel on Friday, 13 March 2015
Category: Real Estate Statistics & Analysis

February Home Sales Going Strong

2015 is off to a great start in our local housing market. Here is how we did last month: Sales of Single Family Homes= UP 15.8% from last year Average Sales Price of a S/F Home = UP 9.7% from last year Sales of Condos/Townhomes= Up 40.1% from last year Average Sales Price of a Townhome= Down 5.8% from last year Inventory (meaning total homes for sale) is way down, off about 20% from last year In summary, buyers are buying, but there is much less for them to choose from.Prices have risen. Interest rates are still at record lows. The market is good, folks!