|Trends at a Glance|
|Feb 08||Jan 08||Feb 07|
|Sale/List Price Ratio:||98.2%||97.6%||99.8%|
|Days on Market:||81||87||71|
|Days of Inventory:||359||406||132|
Sales of single-family, re-sale homes bounced back from the record low set in January. There were 424 homes sold last month, a rise of 25.8% from the month before, down 36.2% from last February. Condo sales rose 2.2%, but were off 56.9% year-over-year.
Inventory continues to increase as we enter the spring selling season. The number of homes on the market rose 11.1% compared to January, and up 72.9% year-over-year. Condo inventory rose 8.7% month-over-month, and was up 61.7% compared to last February.