The National Association of Realtors (NAR) recently released their report on real estate sales for the month of February. The report shows which markets saw the most real estate sales during that month.
According to the report, the top five markets for real estate sales in February were: Dallas-Fort Worth, TX; Houston, TX; Los Angeles, CA; Phoenix, AZ; and San Francisco, CA. These five markets accounted for 33% of all real estate sales in February.
The NAR also reported that sales prices were up nationwide in February. The median sales price was $266,000, which is a 5.8% increase from the same month last year. This increase is due in part to the low supply of homes available for sale.
If you’re thinking of buying or selling a home in one of these markets, it’s important to be aware of the current market conditions.
If you’re looking for funding, feel free to submit a deal with us above or call our office 24/7 at 833-264-7776.
Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access . All loans are subject to full underwriting for loan approvals. Jaken Finance Group only finances non-owner occupied investment properties.
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Jaken Finance Group, 2300 Barrington Road, Suite 400, Hoffman Estates, IL 60196