Sales
Unit sales in February were 6, unchanged from the same month last year. This is the lowest unit sales have been since 5 in October, 2013. Sales/list price ratio in February moved down to 95.5% from 99.5% in January.
Prices
Median price in February was $1,337,500. This is up 4.9% from $1,274,500 in February of 2014. This is the highest median price has been since March, 2014. 3-month median price this month is $1,115,000, the same as last month. Price per square foot in February was $494. This is down from $519 in January and down from $578 in February of 2014.
Inventory
Inventory of 35 in February was up 29.6% from 27 in January but down 16.7% from 42 in February of 2014. New listings of 24 in February were way up from 14 in January and up considerably from 19 in February of 2014. Months of supply of 2.1 in February was up moderately from 1.6 in January but down marginally from 2.2 in February of 2014.
Market Time
Days on market of 126 in February was up considerably from 50 in January and up substantially from 43 in February of 2014. This is the highest days on market has been since April, 2014.
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