February was another record-breaking month as we set a new record for the all-time lowest number of homes on the market. Home prices continue to increase as supply decreases. Home sale prices were close to list prices or higher in some neighborhoods.
The data below is from the NorthstarMLS.
Eventually, there will be more homes on the market but no one knows exactly when that will be. For now, buyers need to watch and wait. There are people who want to sell but they either can not find the right home to buy or are afraid they won’t be able to.
For more local real estate numbers please see: Local market conditions & home prices. Real estate is local.