The actives listings were down again this month but only by 2% from January. Solds were up by 7% and non-distressed listings were up by 14%. We’re still seeing a good number of REO’s and Short Sales on the market but the number is slowly going down each month as a percentage of the market: December was at 17%, January was 15%, and February was 14%. Perhaps by summer we will see the number of distressed properties down to a manageable level again. The low inventory we have is causing prices to rise because of competition. If you’re thinking of selling, or buying, now is a good time to do so!

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