February Property sales were 731, down -48.0% from 1,405 in February of 2021 and -45.7% lower than the 1,346 sales last month. February 2022 sales were at their lowest level compared to February of 2021 and 2020. February YTD sales of 2,077 are running -25.5% behind last year’s year-to-date sales of 2,789.
First look at the single-family home sales through the end of February 2022:
NAR reports: “December 2021 brought 6.18 million in sales, a median sales price of $358,000, and 1.8 months of inventory. The median sales price is up 15.8% year-over-year, and inventory was down 0.1 months from December 2020.”
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