With 2012 being a leap year, I wanted to do a quick year-over-year comparison of 28 days of February. CREB will be releasing the full month-end statistics tomorrow.
Single Family Homes
Sales MTD in February are the highest since 2007 with 1201. That’s an increase of +3.71% from last year. The average price is up +1.65% from $462,142 to $469,787.
While sales have been increasing, new listings have declined -14.43%. Last February at this time there were 2,245 new properties listed. So far this month we’re up to 1,921.
427 units have sold compared to 465 last year, a decline of -8%. The extra day this month will narrow that gap some. The weakness lies with the apartment-style condos since townhomes sales are actually up +6.52%; Apt-style sales are down nearly -18%.
For more statistics, visit my webpage here