January Residential Highlights
🏡New listings (2,579) decreased 6.4% from the 2,754 listed in January 2020, and increased 48.2% from the 1,740 listed in December 2020.
🔑Pending sales (2,496) increased 9.9% from the 2,271 offers accepted in January 2020, and increased 24.6% from the 2,003 offers accepted in December 2020.
👉🏻Closed sales (1,847) increased 11.1% from the 1,663 closings in January 2020, and decreased 33.8% from the 2,789 closings in December 2020.
🏘Inventory and Total Market Time Inventory increased to 1.0 months in January.
⏰Total market time increased to 44 days.
Year-to-Date Summary Comparing the first month of 2021 to the same period in 2020, new listings (2,579) decreased 6.4%, pending sales (2,496) increased 9.9%, and closed sales (1,847) increased 11.1%.
📊Average and Median Sale Prices Comparing 2021 to 2020 through January, the average sale price has increased 11.2% from $463,000 to $514,700. In the same comparison, the median sale price has increased 13.3% from $406,000 to $460,000.
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