The market trends are picking back up with the average median price in North County jumping up to $649,888 in February vs $630,000 in January. Last month the number of homes sold slowed down to 629 vs 804 in January which means inventory was tighten as people are waiting until the Spring to bring their homes to market which tends to be the norm for the selling season. Interest rates are slow to rise, which is preventing a downward push on pricing. Everything we’ve seen come active to the market so far is higher than the last sale. Can this upward trend last? We’ll find out in the coming months.
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