While there were no sales in February, don’t let that mislead you. Of the 21 homes currently for sale, only one is a short sale. Of the 19 properties under contract, (which is at a high), 11 are short sales. This is one reason there were no closed sales last month – short sales can take several months to get approved and then close.
The number of new listings on the market last month is at a high. Right now sellers are not waiting any longer to sell and buyers are there writing contracts on properties. We are starting to see properties sell in just a few days.