Market analysis - January 2020

 January Residential Highlights New listings, at 2,754, decreased 9.6% from January 2019 (3,048) and rose 116.9% from December 2019 (1,270). Pending sales (2,271) increased 11.1% over the 2,045 offers accepted in January 2019, and rose 28.2% from the 1,772 offers accepted last month in December 2019. Closed sales (1,663) rose 14.6% from the 1,451 closings recorded last year in January 2019 and decreased 24.9% compared with the 2,213 closings recorded last month in December 2019. 

Inventory and Total Market Time Inventory increased to 2.2 months this January. Total market time increased to 74 days. 

Year to Date Summary This year new listings (2,754) have decreased 9.6%, pending sales (2,271) have increased 11.1% and closed sales (1,663) have increased 14.6%. 

Average and Median Sale Prices Comparing January 2020 to January 2019, the average sale price has increased 6.3% from $435,600 to $463,000. In the same comparison, the median sale price has increased 5.5% from $384,900 to $406,000. 

                                                                                                                            Information ©RMLS 2020

 January Residential Highlights There were 736 new listings in January 2020, a 14.4% decrease from January 2019 (860) and 75.2% more than last month in December 2019 (420). Pending sales (672) increased 7.0% from January 2019 (628) and rose 26.8% from last month December 2019 when 530 offers were accepted. Closed sales, at 491, increased 3.6% from January 2019 (474) and decreased 28.8% from the 690 closings recorded last month in December 2019. 

Inventory and Total Market Time Total market time increased to 77 days in January. Inventory increased to 2.4 months. 

Year to Date Summary This year new listings (736) have decreased 14.4%, pending sales (672) have increased 7.0% and closed sales (491) have increased 3.6%. 

Average and Median Sale Prices Comparing January 2020 to January 2019, the average sale price has increased 1.9% from $406,400 to $414,300. In the same comparison, the median sale price has increased 7.6% from $355,000 to $382,000.  

                                                                                                                            Information ©RMLS 2020