Feb 2022 Market statistics

Across the MSA in February, sales dollar volume increased 34% year over year to $1,564,737,417 while new listings increased 10.4% to 2,834. At the same time, active listings decreased 4.1% year over year to 1,240 listings, while pending sales increased 20.3% to 2,967 across the MSA. This jump in pending sales indicates that March home sales growth could be equally strong as February. Housing inventory across the five-county area increased 0.1 months year over year to 0.4 months of inventory and homes spent an average of 28 days on the market, down 4 days when compared to February 2021.