Home Sellers Were Less Active in February 2023 [Infographic]

Highlights

Home sellers were less active in February, with fewer homes listed for sale than in February 2022.
In February, homes spent 67 days on the market, 23 days longer than last February but shorter than before the pandemic.
The number of homes for sale increased by 67.79% compared to February 2022.
The total number of unsold homes (including those under contract) increased by 13.26% compared to last February.
The median price of homes for sale in February increased by 7.85% annually, slightly lower than January’s 9.67% growth rate.