Unseasonably High Home Demand in February [Infographic]

Highlights

Real estate markets are getting an early start to the spring buying season with an unseasonably high home demand with fewer homes for sale.

• Nationally, the inventory of active listings declined by 24.5% over last year, while the total inventory of unsold homes declined by 15.3%.
• February’s national median listing price was $392,450, up 12.9% from the previous year.
• The typical home spent 47 days on the market in February, which is 17 days less than in 2021.