January Residential Highlights:
There were 179 new listings in January 2020, a slight increase from January 2019 (178) and 64.2% more than last month in December 2019 (109). Pending sales (161) increased 11.0% from January 2019 (145) and and increased 42.5% from last month December 2019 when 113 offers were accepted. Closed sales (115) increased 17.3% from January 2019 (98) and increased 4.5% from the 110 closings recorded last month in December 2019.
Inventory and Time on Market:
Inventory in January fell slightly to 3.6 months, with total market time increasing to 82 days.
Year to Date Summary:
This year new listings (179) held steady at 0.6%, pending sales (161) increased 11.0% and closed sales (115) increased 17.3%.
Average and Median Sales Prices:
Comparing January 2020 to January 2019, the average sale price has decreased 12.3% from $262,900 to $230,500. In the same comparison, the median sale price has decreased 9.5% from $242,500 to $219,500.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.