February Residential Highlights

New listings (711) decreased 8.8% from the 780 listed in February 2020, and decreased 16.7% from the 854 listed in January 2021. Pending sales (700) decreased 2.5% from the 718 offers accepted in February 2020, and decreased 16.5% from the 838 offers accepted in January 2021. Closed sales (610) increased 18.7% from the 514 closings in February 2020, and increased 4.8% from the 582 closings in January 2021.

Inventory and Total Market Time

Inventory decreased to 0.7 months in February. Total market time decreased to 33 days.

Year-to-Date Summary

Comparing the first two months of 2021 to the same period in 2020, new listings (1,574) increased 2.9%, pending sales (1,517) increased 12.0%, and closed sales (1,210) increased 17.9%.

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