January Market Stats

Our January statistics are in, showing that sales of single-family homes dropped by 16 percent from one year ago and were 26 percent lower than in December.

Last month, 174 single-family homes sold on the MLS® System compared to 235 in December and 208 one year ago. Apartment sales in January decreased by three percent year over year, while the number of townhouses sold dropped by 18 percent from one year ago.

The benchmark price of a single-family home board-wide was $515,400 in January, a four percent increase from one year ago and marginally lower than in December. In the apartment category, the year-over-year benchmark price rose by five percent, hitting $309,300, which is two percent higher than in December. The benchmark price of a townhouse last month rose by three percent year over year, climbing to $408,600, and was virtually the same as in December.

For more statistics and additional information, refer to our comprehensive stats package at https://bit.ly/2Seslnx.