Greetings!
January Residential Highlights:
New listings (136) decreased 6.2% from the 145 listed in January 2021, and increased 37.4% from the 99 listed in December 2021. Pending sales (144) increased 2.1% from the 141 offers accepted in January 2021, and increased 0.7% from the 143 offers accepted in December 2021. Closed sales (121) increased 23.5% from the 98 closings in January 2021, and decreased 17.1% from the 146 closings in December 2021.
Inventory and Time on Market:
Inventory increased to 1.5 months in January. Total market time increased to 49 days.
Year to Date Summary:
Comparing the first month of 2022 to the same period in 2021, new listings (136) decreased 6.2%, pending sales (144) increased 2.1%, and closed sales (121) increased 23.5%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through January, the average sale price has increased 1.5% from $311,700 to $316,400. In the same comparison, the median sale price has decreased 0.3% from $300,000 to $299,000.
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.