Signs of the nadir of our market being behind us abound.
There's a renewed sense of optimism. It's night and day from last month when it appears pessimism peaked.
While things are improving, we are still well below the 10-year average on most fronts. Year-to-year comparisons will continue to look dismal as the last couple of years were quite extraordinary in our market.
Sales rose to 518. That's up nearly 65% from January (but down almost 50% from a year ago). It is also down 33% from the 10-year average (811).
New Listings increased marginally to 1,090. That was up +2.7% from a month ago but down -36.4% from a year ago. It was also down -24% from the 10-year average (1,436).
Active Listings rose very slightly to 2,769. That was up +1% from last month and down -5.5% from a year ago. It was also -7% from the 10-year average (2,769).
Prices are down across the board over the last year. However,...