The average age of inventory fell nearly 10% from January to February, a sign that homes are selling faster before the spring season begins in earnest-or that recent listings are a greater share of listings inventories, Real Estate Economy Watch reported. Data from also showed an early surge of demand confirms reports from Realtors that foot traffic was higher than normal in January.

Both signs suggest that sales this spring are likely to be even stronger than they were last year, when early spring sales were atypically strong, says Real Estate Economy Watch.