Chuck Leathers
Special to the Daily

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March 30, 2013
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Real Estate At A Glance: Single-family home sales

Although the average home price this February looks anemic next to February 2012, that month was one of the best in our history for sales of homes for over $1 million. The number of homes sold this year is on track to smash the 10-year average, however, so the short supply of inventory will influence prices for the rest of the year. Prices will look a lot better by the fourth quarter.

The inventory still has yet to break 1,600 properties for sale this year. If we sell the projected 1,700 properties this year, there is under a year's supply.

53 ... single-family homes sold through February

46 ... 10-year average number of homes sold through February

25 ... number of homes sold through February 2009

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.


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The Summit Daily Updated Mar 30, 2013 12:41AM Published Mar 30, 2013 12:39AM Copyright 2013 The Summit Daily. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.