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February Stats
March 5th, 2010 8:46 AM
The residential sales statistics for February 2010 are in and show that things are slower this year than last probably due to the local and national downturn. Year over year, there were 3% more active listings in 2010 than in February 2009. There were 22% fewer new listings this February than February last year so at least the supply is not growing too quickly but there were 47% fewer houses under contract this year than in February of 2009. There were also 35% fewer houses that closed this year than in February of 2009. The average sales price actually increased 3% so prices appear to have remained stable so far in spite of the slowdown. The slow market may have resulted, at least partially, from the terrible weather we had here the last couple of months. It was real cold and snow came and stayed for a couple of weeks which is unusual in this area. March is starting out warm and sunny and hopefully things will improve this month.

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Posted by Robert Dinning on March 5th, 2010 8:46 AMPost a Comment