I just posted the March Current Market Conditions Report (that includes Feb. sales data.) Its a very mixed picture. The volume of sales is down from a year earlier, but has steadied. The average sales price dropped again for the 5th month, but the median sales price remained stable at $164,000. February new activity, though, at least from my perspective, was very slow and a lot of the inquiries I’ve gotten in the past month have been for very bargain priced properties.
I have lots more data (and as usual, opinions) in the full Current Market Conditions report. Please check it out and then come back and add your thoughts about what you think the market is doing.