Home sales are up about 20% from January. Big jump right? Ninety-nine home sales is better than January's anemic 83 sales. However, when you consider in 2009, 139 homes closed in February the big jump doesn't look that great anymore.
Southeast Texas home sales in 2010 are down about 30% from 2009.
2009 was down from 2008. The months supply of inventory is up to 9.5 months. Balanced markets have a six - eight month supply of homes for sale. Guess what? We're not balanced anymore.
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Coming soon: Where homes were selling in February and how much seller's came off their asking price.
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