February has seen a tightening of inventory as we approach the Spring market. Closed sales are down 14.1% year over year highlighting our inventory shortage. Median price year over year is up 0.2%, highlighting the pricing stability we have seen recently. Active for sale inventory is testing the pricing highs, since so little is available to purchase. Now is a great time to come to market, as this temporary shortage has caused a boost in pricing that won’t last long.
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