RE/MAX National Housing Report for February 2021
Prices Rise, Inventory Falls but Sales Stay High as Spring Approaches
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DENVER, March 17, 2021 /PRNewswire/ -- The median home price reached $291,000 in February – the highest in the 13-year history of the report – while sales set a new high for the month and inventory continued to drop to record lows.
The record February home sales were up 5.7% year over year, but the increase over January was flat at 0.3%. The February-over-January average for the previous five years has been 5.4% in the ramp-up toward the seasonally higher sales of spring.