Continuing on the heels of a strong January, February’s real estate sales included a diversity of transactions, including a higher-than-normal number of commercial transactions and several high-end single-family homes. February sales tallied 12 transactions amounting to just over $61 million in dollar volume, bringing the year-to-date total to 33 property transfers through $167 million. As we cover in the following pages, there has thus far been a decline in the median home sale value thanks to a higher number of sales in the lower end of the market. And in signs of what’s to come, February contract activity was higher than last month and the previous few years, suggesting the solid start to the year will continue.

Here is Fisher’s February Market Insights…