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Archive for February 10, 2010
According to statistics from the Regional Multiple Listing Service (RMLS), the number of homes that went under contract in January 2010 jumped 42.21% from the previous month. And, that number also showed an increase of almost 40% over the same month the year before.
While the number of homes actually sold in January was down over December, reflecting the traditional winter decline, sales were up by more than 21% year over year.
That helped drop inventory to less than an eight month supply.
More good news, the median price continued to rise, up 0.41% to $242,000 in January 2010 compared to December 2009. January’s rise is the second consecutive monthly increase in the median price.
