Pending sales in February were fairly robust once again, posting 9,252 units. This is an increase of 17.7 percent over February 2008. Meanwhile, supply continues to draw down as February new listings were down 23.6 percent from one year ago.
Prices remain soft, as the median sales price in February was $249,000, down 17.8 percent from a year ago. A larger share of homes being sold this year are below $200,000 than in the last two years.
Percent of Original List Price Received at Sale continues its long and gradual decline, down to 89.9 percent in February.
Market Indicators Report – Feb 2009
