The median price for all homes sold in February was $200,250, which is 1 percent higher than the median price in January and 2 percent higher than the median price in February 2015.
But prices aren’t the only measure that has seen an upward tick.
The Market Trend Report for February showed a 5 percent increase in the number of closed transactions over January and a 9 percent increase over sales in February 2015. The average days on the market for all homes sold in February was 65, which no change from the average in January and 5 days less than the average in February 2015.
Months supply of inventory was the only figure in the report that saw a drop.
The number of months Supply of inventory at the end of February was 2.7 which is a 21 percent decrease from January and a 21 percent decrease from February 2015.