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February Existing Home Sales Increase

Posted on March 21, 2017

February Existing Home Sales Increase

Sales of existing single-family homes increased in February by 15.7% when compared to numbers sold in February one year ago. There were 192 single-family home resales in February 2017 and 166 resales in February 2016.

The latest numbers show that annualized rate of sales was 3,081 in February.  That is 7.9% above the annual rate of 2,855 reported in February 2016.

The chart below shows the annual rate of single family sales over the last 12 months.

RealEstateFeb17

The chart below shows that the 12-month and 3-month averages sales price of single-family homes is approximately $225,000.

One year ago the 12-month average sales price was $215,000 – that is a 4.7% increase when compared to the latest numbers reported for February.

RealEstateFeb172

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