I had a quick look at February market stats just before the end of the month. We had such a great month in January and I have a couple of expireds wanting to relist when the market heats up. So, I was curious to see if February is continuing the increases started in January.
Unfortunately, preliminary numbers are showing a decrease. In 2015, 57 homes were sold from 2/1/2015 through 2/25/2015. This year, only 32 homes were sold in the same time period. Average is down from $182,313 to $140,343. Yikes! One thing I need to keep in mind is that there are no penalties for timely MLS reporting, so there are still some sales yet to be reported. However, I don't believe 25 homes have been unreported.
The homes closed in February are generally from the holidays through the beginning of January. We did have a snow storm right after Christmas, but usually that doesn't slow us hardy Wisconsinites down. Maybe it was due to decreased inventory? Are people watching the presidential debates and believing that the economy is bad and only the candidate can fix it when elected?
Hmm...something to keep a close eye on. I'll have better numbers about 10 days after the beginning of March.