Market Update For Week Ending February 22, 2021
The Mortgage Bankers Association’s most recent National Delinquency Survey reported that the delinquency rate for mortgage loans on one-to-four unit residential properties declined to a seasonally adjusted rate of 6.73 percent of all loans outstanding in Q4 2020. The percent of loans delinquent was down nearly one percent from Q3 2020, but still up nearly three percent from one year ago.
For the week ending February 13:
• New Listings decreased 5.7% to 300
• Pending Sales increased 11.8% to 304
• Inventory decreased 53.6% to 1,213
For the month of January:
• Median Sales Price increased 14.2% to $237,570
• Days on Market decreased 49.1% to 28
• Pct of List Price Rec’d increased 0.9% to 99.4%
• Months Supply decreased 56.5% to 1.0