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What Do the February Numbers Tell Us?
Manage episode 176241316 series 1110201
Kandungan disediakan oleh Greg Ismay. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Greg Ismay atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Today I want to give you a quick recap of our market for February 2017.
Selling a home? Get a free home value report
Buying a home? Search all homes for saleUnfortunately, inventory for February of this year was down 8% compared to last year. The good news is that February inventory was actually up 4% from January. New listings were also up 7% compared to a year ago, which I think is an indication that we are getting the word out to sellers that now is a great time to sell.
Here’s a fun fact! In the month of February in 2017, 54% of all the inventory that was on the market went under contract. A good year in the past meant 20% to 25% of the inventory going under contract, so February was fantastic. We are really burning through inventory.
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This means prices are going up. All home sales were up 7% and resale homes were up 3%. New construction is hot right now, which is why all home sales are up a bit more than resale.We are really burning through inventory.
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If you have any other questions about our market, or if you’re looking to buy or sell a home, please feel free to give me a call or send me an email. I look forward to hearing from you!
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