Trend MLS is out with their latest market update for February 2014:
We expected February to be worse than last year in activity and it was. 2014 is off to a slow start with February sales down 11% and Pending sales down 13.5% from 2013. Prices are strong though, with the Median Sold Price up 8% and Average Sold Price up 10.5% over last February. Year-to-date sales are down 5% and pending sales are down 11%, but Median Sold Price is up 7% and Average Sold Price is up 9%.
The news wasn’t all bad with prices higher and the expectation that things would pick up for March. You can see more information in the report here and watch this video below: