Days On Market Increasing Slowly

Just the facts, in my opinion

In market news:
- Single-family home inventory dipped from 383 to 347. This should be closer to 6,000
- Days on market for February were at 25 days, up from 23 in January but still well below the 41 days from Feb. 2021. Well priced and in good condition, homes are still selling within hours, not days
- Average sales price for Feb. was 773K, up from 683K in January
- Median sales price for Feb. was 544K, up from 500K in January
- Sales pace is slower again. 16% down from Feb. 2021 and 14% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021

As always, call me for any reason and I'll be happy to help!

- Thomas D.