In January, 10,438 homes were put on the market, which is down 679 homes over January of 2014. There were 25,996 active listings last month, as compared to the 27,137 homes that were on the market in 2014. We also sold fewer homes this January when compared to last year, as only 4,779 homes were sold last month, which is down from 4,816 at this time last year. On the inventory side of things, we've seen a slight increase, as we currently have 5.44 months worth, which is down from 5.63 months last year.
What do all these numbers mean for our market? Well, the changes we've seen are pretty negligible. Our market is actually doing slightly better this year than it was at this time last year because we have fewer homes coming onto the market and have only seen a slight dip in sales. Sellers aren't listing their homes like they did last year, as many of them are holding firmer on prices, which is actually shoring up the market and stabilizing home prices across the board.
To see the in-depth numbers on what's happening in our market, click on the graphs below:
To see the in-depth numbers on what's happening in our market, click on the graphs below:
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If you would like to know the specific market conditions in your neighborhood, don't hesitate to reach out to me via phone or email. I look forward to hearing from you soon!
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