HIGHLIGHTS
- January sales are Down from last month but up from last year with 514 units sold. Last month 766 units sold. Number of sales Y-O-Y is up 4.3%.
- Cash buyers in January represent 25% of all residential sales in our area, up from last month, 22%.
- January average "days on market" is down from December, having 84 days to: 82 Days.
- Average sold price is $406,844, this is up from the prior month and up by 7.7% compared to January 2025 Y-O-Y, $377,824.
- January inventory is down month over month to: 2891 units, and down from January 2025, with 3238 units. Y-O-Y decrease in inventory of 10.7%
- January months of inventory is 5.6 months, up from December 3.8 months, but down from January 2025 with 6.6 months inventory.
- Average List to sold price difference down for January -3.6%. November was -3.0% .
- The inventory of homes is 5.6 months, this level is near a "Neutral Market". Generally when Months Inventory is generally less than 4.0 months it is considered a seller’s market. 6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market, neither favoring the buyer or seller.
