Pending sales were down -21.5% in February (compared to Feb 2019). This stat changed the most compared to all the other metrics. The average sales price increased +10.6% in February (compared to Feb 2019). Although February seemed slower than usual, prices are still going up. However, inventory is down again, -12.8% (compared to Feb 2019). There is only a 2.2 month supply of inventory, which is extremely low. This is an indication that we are still in a strong seller's market right now, and interest rates are at all time lows!
All data from Triad MLS. Report © 2020 ShowingTime.