Mike Lamb, Broker, CRS, CRB
Windermere Real Estate/Stellar Group
| Direct: 360-694-4050 | Office: 800-538-2038 | Email: Mike@MikeLamb.info
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February Market Update
Posted on March 21, 2011
Things started to improve in the Clark County market in February. And while the improvement was modest, it was a tantalizing hint of better things to come. Some highlights:
- New sales activity was up 6.5% from January.
- Solds Year To Date were down 3.7% from last year's turbocharged market, but were up 42.6% from 2009 and were 11.1% from 2008.
- Inventory continued to decrease, now at its lowest February levels since 2006. Based on pending sales in February there were just 8.3 months of available inventory, down from 9 months in January.
Better yet, anecdotal evidence suggests the market is continuing to improve in March.
