Greetings!
January Residential Highlights:
New listings (145) decreased 19.0% from the 179 listed in January 2020, and increased 43.6% from the 101 listed in December 2020. Pending sales (141) decreased 12.4% from the 161 listed in January 2020, and increased 31.8% from the 107 offers accepted in December 2020. Closed sales (98) decreased 14.8% from the 115 listed in January 2020, and decreased 39.1% from the 161 closings in December 2020.
Inventory and Time on Market:
Inventory increased to 1.8 months in January. Total market time increased to 51 days.
Year to Date Summary:
Comparing the first month of 2021 to the same period in 2020, new listings (145) decreased 19.0%, pending sales (141) decreased 12.4%, and closed sales (98) decreased 14.8%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through January, the average sale price has increased 35.2% from $230,500 to $311,700. In the same comparison, the median sale price has increased 36.7% from $219,500 to $300,000.
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!
CLICK HERE TO VIEW THE REPORT!
*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.