February 2022: As of the first week of February, there were 169 listings, the fewest listings for any February by far. This is 27% fewer listings than February 2021, when there were 232 listings- the previous record low for any February. And, only 110 of the 169 current listings are active, as the other 59 are under contract with a buyer. One year ago at this time, there were 232 listings.
BACKGROUND: The number of properties for sale is seasonal. Each year, December and January have the fewest number of homes for sale, because people don’t like to show their homes during the holiday season. And each year, the highest number of homes for sale is in the summer, because it is more convenient to sell your home in the summer. Note this repeating annual pattern in the above graph.