Market Update- February 2019 📊

1. Residential homes median price for February ’19 was $222250- up 6.1% year over year. And that median price has mostly held steady since August 2018. 📈

2. Sales dropped 11.7% in February as compared to last February (2018). The first 6 months of last year may have been a “peak” for the PSL market. Time will tell! 📆

3. In spite of a drop in new listings in February, inventory is still up from last July’s low. 😁

4. Renovated homes still sell fast- some in less than a week indicating a strong Buyer presence for Move In Ready Homes. 🔑

5. There are now 252 new homes listed in MLS. Far more than that are for sale through the builders- is there a glut developing? Not yet- soon? 📊

We appear to be in a more balanced market- buyers have a few more housing choices and if you’ve been thinking of selling, conditions are still favorable!

We have a Plan to Market & Sell or even Buy Your Home regardless of Condition. 🔨

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