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February 2020 Hi Desert Real Estate Market Update
Love may be in the air, but real estate is on the minds of many in our Hi Desert communities. Below is my monthly market update on the mathematical conditions of our market. There are some interesting statistics and information in this report. Most notable are: Inventory is way down. As of the date I did the research we were down to 378 active listings compared to 465 same time last year. Closed escrows are up from same time last year by 25 sales (107 TY compared to 82 in 2019) This is the best January closings in the last six years! Only 53% of sales were under $200,000. More…