Home sales for February totaled 207, a 22% drop from last month and down from February 2021 by 33%. Our 2022 Spring market is just getting started, but inventory levels remain disappointing for buyers. We typically see strong home sale activity in March and April, but buyers need something to buy! A few towns saw an uptick in median sale prices as well as an increase in the selling price per square foot, but not notable increases.
Sales above $2.0 million continue to account for about 20% of the total. Sales below $1.0 million remain at about 55% of the total.
Information obtained from SmartMLS.
