The data gatherers over at RMLS just published their monthly report for February and the results are mixed. One the one hand, sales and pendings compared to prior years is still showing a downward trend BUT... compared to prior months we are seeing a slightly upward trend.
Inventory levels are down from January (a good sign). Sales and pendings are up from January (another positive sign). Average sale price and median sale price are both up compared to January (means the free fall is stopping).
It may be too early to know for sure but we could be turning the corner on this real estate bubble thing and nailing in the floor for future prosperity.
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