Background Color:
 
Background Pattern:
Reset
Monday, July 06, 2020
user
Login =
Search
February Single-Family Home Sales Statistical Highlights

February Statistical Highlights

February Real Estate Market Commentary

As we progressed through February, the actual and expected impacts of COVID-19 continued to grow, with concerns of economic impact reaching the stock market in the last week of the month. As the stock market declined, so did mortgage rates, offering a bad news-good news situation. While short term declines in the stock market can sting, borrowers who lock in today’s low rates will benefit significantly in the long term.

The recently released January ShowingTime Showing Index® saw a 20.2 percent year-over-year increase in showing traffic nationwide. All regions of the country were up double digits from the year before, with the Midwest Region up 15.7 percent and the West Region up 34.1 percent. As showing activity is a leading indicator for future home sales, the 2020 housing market is off to a strong start, though it will be important to watch the spread of COVID-19 and its potential impacts to the overall economy in the coming months.

  • Closed sales decreased by 11.8% from 5,230 to 4,614 for the month of February Y-O-Y.
  • Median Sales Price increased by 5.4% from $164,200 to $173,000 for the month of February Y-O-Y.
  • An average of 8.5 home showings per listing were conducted in February, which is up by one day Y-O-Y.
  • Days on Market increased by 4 days Y-O-Y from 52 to 56.
  • 2.9% of Residential and Condo On-Market listings are flagged as “lender mediated”. This includes foreclosures and short sales. This percentage is down by 1% compared to last year based on the recalculated percentage for February 2019.

Listing and Sales Summary Report:


March 2020

March 2020

Time Management Tips to Accomplish More in 2020

Time Management Tips to Accomplish More in 2020

Instagram’s Latest Change: What It Means for Your Business

Instagram’s Latest Change: What It Means for Your Business

Realcomp Customer Support Q&A

Realcomp Customer Support Q&A

Realcomp Tools of the Trade Expo 2020

Realcomp Tools of the Trade Expo 2020

Winter Taxes on RCO3

Winter Taxes on RCO3

TransactionDesk Updates Released February 11th

TransactionDesk Updates Released February 11th

Proactive Tips for Protecting Yourself as a Real Estate Agent

Proactive Tips for Protecting Yourself as a Real Estate Agent

New Stopwatch Icon Added to SentriKey App

New Stopwatch Icon added to the SentriKey App

Remine Updates

Remine Updates

Realcomp is excited to welcome back Bill Rancic as this year’s Key Note Speaker!

Realcomp is excited to welcome back Bill Rancic as this year’s Key Note Speaker!

LionDesk Product Enhancements: February 2020

LionDesk Product Enhancements: February 2020

Sentrilock Electronic Lockbox Feedback

Sentrilock Electronic Lockbox Feedback

February Single-Family Home Sales Statistical Highlights

February Single-Family Home Sales Statistical Highlights

LionDesk Providing Additional Services for Realcomp REALTORS

LionDesk Providing Additional Services for Realcomp REALTORS

Last Modified: Tuesday, March 17, 2020