February 2014 Real Estate Market Statistics
This is the year to sell your home. Selling your home in the spring is the best time because this is when there is the largest number of buyers. Right now, sellers have very little competition! Serious buyers are looking for a home right now, and want to settle into the existing rate before it goes up.
There were only 10 more homes available compared to the previous month of January. More homes were available on the market during February compared to January 2014, but fewer homes were sold. February’s current inventory stood at 1877 with only 195 homes sold.
In terms of speed, it took 123 days to sell 195 homes, and would take 9.62 months to clear out the 1877 homes that were available. Last year…