February Leaps Ahead of the Rest
Whether an extra day in February paved the way for a record month is debatable as the best previous high for this month was 797 in 2007 and there were only 28 days to reach that level.
New Listings coming on to the market were up in double-digits as well however the stronger conversion of listings to sales kept the overall inventory close to where it was a year ago.
Based on the strong Sales Activity in February and a High Influx of New Listings there is roughly four and one-half month's supply M LS listings available going into March.
Given February's impressive results, year-to-date Sales and dollar volume are up 10 and 14% respectively.
Listings entered on the MLS for the first two months have increased nearly 6%.