February Market Report 2021Posted by Stephen Foster on
Multiple Offers!Tight housing market continues in February with relentless demand and low inventory. Demand has grown in all housing types and sales increased 36% compared to January with only a 3% increase in inventory. Prices were up 7% overall compared to January averaging 121% of assessed value. Median house price has increased from $710,000 to $746,000. Housing supply has again diminished, leaving us with only 1.2 months of inventory vs. 1.5 months in January and December. Not sure we can get more blood from this beautiful rock we live on.
Sales stats for VictoriaSingle Family Homes: We are down to a 0.9 month supply of single family homes with 314 sales and 296 listings; with an average of 9 days on market, most sales…
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