Sales were down but pending sales were up.

Single-Family:

Sales were off by 9% in January. However,pending sales were up by 11%. It’s really a wash.

The average sales price  jumped 22% while the median sales price climber 9%. Sales are concentrated in the upper price ranges and this months there were several large sales that effected the average sales price. We did see a nice increase of 10% in the new listings and this caused the active listings to rise by 22%. The months of inventory increased to 1.8 months which is still not very much supply.

Sales: 58

Average Sales Price: $459,319

Median Sales Price: $372,500

Pending Sales: 72

New Listings: 100

Active Listings: 175

Months of Inventory: 1.8