Half the homes listed for sale in February were on the market for less than 98 days and half for more than that according to USA Today. February 2013 is a strong improvement over the previous year, and the strongest since 2007.
Nationwide, the inventory of homes for sale fell in January to a 4.2-month supply, almost an eight-year low, the National Association of Realtors says. Its data show all homes were on the market in January for a median 71 days, down from 99 days a year earlier.
We are seeing fewer price reductions and more multiple offers on South Florida properties.