The number of sales declined slightly year over year. Last year in February 66 less homes sold. Not a significant difference there. Month over month we are up. There was a drop in sales at the end of last year and into January of 2024 due to the peak in interest rates in late fall. As rates have started to come down, sales have picked back up. The number of pending sales is down slightly as well.

The December stats have posted and we held pretty steady compared to November. This may have been one of the slowest quarters in a decade for home sales. However due to supply remaining relatively low the actual market was really pretty balanced in December.

The rising rates over the last few months have slowed and cooled the market quite a bit compared to a few years ago. However the actual number of homes sold last month was the exact same as 2022 at the same time..The one thing that has caused the shift is the rising inventory. There were more homes available for sale than last year and actually more than we have had available since 2019.