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Home Prices

The median home price was $519,521 in February, which was an increase of 10.4 percent from January and a 3.3 percent increase from February of last year.

 

Home Sales

A seasonally adjusted 45,855 homes were sold in February, which was up 5.2 percent from January and down 3.1 percent from February of the previous year. Currently, 2017 is outpacing 2016 by approximately 1,003 home sales.

 

Inventory - Month's Supply

The sales-to-new-listings ratio increased to 69.0 percent in February, while a seasonally adjusted 66,457 new listings came on the market. This ratio could indicate a seller?s market in the majority of regions.