Market Summary | February 2008

After a huge spike last month, the median home price falls from its all-time record high of $1,045,000 to $932,000. Despite the drop, market stats for February are overwhelmingly positive. There was an impressive jump in new listings, as well as the number of properties under contract. In addition, days on market decreased significantly from last month. Together, this implies a very healthy market and points to a bullish spring.

Here's a quick snapshot from the MDH Newsletter with a summary of the market trends for February...