February 2025 Housing Market Update: Sales Dip, Prices Surge

In February 2025, there were 118 sales, reflecting a decline of 10.6% compared to the previous year. The number of new listings also saw a decrease, with 171 properties listed, marking a 14.9% drop. Despite the reduced sales activity, the average price of homes rose to $352,588, representing an 11.6% increase compared to February 2024.

Year-to-date statistics show a total of 224 sales, a modest increase of 1.4% compared to the same period in 2024. New listings reached 349, reflecting a slight 0.3% increase. The average price for the year-to-date period stood at $349,403, up 11.2%, while the total dollar volume reached $78,266,172, marking a 12.7% growth.

Despite a dip in sales and new listings, home prices continue to climb, reflecting a strong market. As we move further into 2025, we’ll keep you updated on key trends and opportunities. If you have any questions or need expert guidance, feel free to reach out. Stay tuned for next month’s update!