February 2014 was a neutral real estate market. The number of for sale listings was up 84.6% from one year earlier and up 9.1% from previous month.
The number of sold listings decreased 29.4% year over year and the same month over month. The number of under contract listings was up 35.3% comparing to previous month and up 64.3% comparing to previous year. The months of Inventory based on closed sales is 4, up 161.5% from previous year.
The average sold price per square footage was up 4.3% comparing to previous month and up 2.3% comparing to last year. The median sold price increased by 3.1% from last month. The average sold price also increased by 6.9% from last month. Based on the 6 month trend, the average sold price trend is "neutral" and the median sold price trend is "neutral".
The average days on market showed a upward trend, a decrease of 10.5% comparing to previous year. The ratio of sold price vs. original list
price is 94%, a decrease of 1.1% comparing to previous year.
If you are considering a Mill Creek home sale or purchase, give Steve a call, text or email. After all, Steve is an expert in Mill Creek real estate!
??-Steve and Sandra