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It’s early, and the final February sales count will probably wind up around 165-170, which is in line with years prior to 2021. However, the pricing is nuts – and related to the number of homes for sale!
Year |
February Listings |
# of Sales |
Median List Price |
Median Sales Price |
Median DOM |
2017 |
395 |
172 |
$1,299,900 |
$1,270,000 |
51 |
2018 |
358 |
162 |
$1,290,000 |
$1,275,000 |
13 |
2019 |
361 |
174 |
$1,275,000 |
$1,275,000 |
33 |
2020 |
360 |
184 |
$1,434,000 |
$1,376,500 |
29 |
2021 |
313 |
224 |
$1,719,500 |
$1,758,000 |
14 |
2022 |
193 |
156 |
$2,149,500 |
$2,386,500 |
9 |
LAST MONTH, THE MEDIAN SALES PRICE WAS 11% HIGHER THAN THE MEDIAN LIST PRICE!
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
February’s median sales price was +36% YoY!!!
Second quartile actually. 😉
Something about a “slinky.”