ACAR Housing Stats for February 2016

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The most notable statistic in February’s report is that the resale market rebounded from January. There were 985 existing homes on the market, which is an increase of 110 units over January’s figure (875). The shortage of inventory on the market, especially compared to ytd 2015 figures, continues to be a common conversation topic within the industry. Below are other key stats:

• 571 Homes Sold in February 2016
• $235,000 was the Median Price
• 57 was the Average Number of Days on Market

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