February Home Price and Sale Statistics Are In

Some the Southland’s February housing market indicators are the same as January’s, according to Dataquick’s March 17th release. Median prices stayed about the same, as did the number of homes sold.
However, John Walsh, the president of MDA DataQuick, says that, “The market is so tilted away from normal mainstream activity that it’s impossible to generalize or predict based on the atypical patterns we’re seeing. That means that normal demand and supply is building up. The floodgates could open once mortgage credit starts to open up.”
According to Dataquick’s report, the lower end of the market accounts for majority of sales, with the higher end market languishing.