February transactions slow back down in 2014
After a strong February in 2013 that saw year-over-year growth in property transactions of 158 percent and $32.1 billion in total transactions, February 2014 came back to earth, recording $19.8 billion in transactions for a year-over-year drop of 38 percent, according to data from Real Capital Analytics. That said, signs are not necessarily pointing toward a bad 2014: this was still the second-largest volume of any February since 2007, and January 2014 experienced year-over-year growth in transaction volume of 45 percent.
Retail transactions experienced a typically slow February with overall volume down to $3.4 billion. While the number was low compared with recent months, it still represented year-over-year growth of 33 percent. Most retail transactions in the month were small to medium sized, with only four transactions greater than $100 million. These included