- home inventory is still way low, causing any price range below $500,000 to be in a sellers market.
- Sales are staying very strong for this time of year, indicating that more buyers will enter the market in the next few months
February ended with 3,035 active listings ( +105 than in January 2013) with 664 sales ( +4 over January 2013), average and median home prices decreased by $5,000. All this does not indicate a significant change from January to February.
Compare February 2012 to February 2013
|Single Family /Patio Homes|
Number of Sales
Number of Sales YTD
Monthly Sales Price
The time homes are on the market have significantly decreased:
- February 2012 days on market = 97 days
- February 2013 days on market =77 days
Sellers are getting a much closer sales price:
Last year this time, buyers were gettting a 2.8% buyers discount off the sales price (does not include sellers concessions) this year they are only getting 1.7%
This means, if you want a house, you better bid now, before it’s gone.