February 2020 market over view
New Listings 2019 - 115 listings vs 81 in 2020 a drop of 29.6%
Pending sales 2019 - 56 pending vs 55 in 2020 a drop of 1.8%
Closed sales 2019 - 42 closed sales vs 57 in 2020 a increase of 35.7%
Avg sale price 2019 - $122,888 average sale price vs $157,561 in 2020 a increase of 28.2%
We are still short on inventory of certain types of properties. This is one of the reasons the Avg sale price is increasing. If your thinking about selling your home now is the time to capitalize on the higher sales price. If you are a buyer now is the time to start looking because the interest rates are at all time lows.
The above numbers are from the Itasca Board of Realtors.