Ready to Make Your Move?
While the number of active listings climbed to 4,875 at the end of last month, inventory was still less than 40% of our January average of 12,215. The low number of homes for sale means the market favors sellers. It’s vital to price your home competitively if you want to sell it quickly; the average home spent 49 days in the MLS. A decrease in active listings between December and January is typical, but there was a smaller-than-usual decrease this year, giving buyers more choices. Our record low January for inventory was in 2022 when there were just 1,184 listings.
Our local market in January:
Residential – Detached and Attached Homes
Average Closed Price: $660,127
+0.63% month-over-month
+5.43% year-over-year
Median Closed Price: $565,000
+2.73% month-over-month
+4.78% year-over-year
Active Listings at the End of the Month: 4,871
-2.01% month-over-month
+18.23% year-over-year
Closed Homes: 2,051
-25.15% month-over-month
-6.26% year-over-year
Average Days in MLS: 49
+6.52% month-over-month
+6.52% year-over-year
Detached Homes Average Closed Price: $734,836 Median Closed Price: $625,000 Active Listings at the End of the Month: 3,336 Closed Homes: 1,478 Average Days in MLS: 50 | Attached Homes Average Closed Price: $467,423 Median Closed Price: $395,000 Active Listings at the End of the Month: 1,535 Closed Homes: 573 Average Days in MLS: 46 |