Sales
There were 6 unit sales in January. This is up 20.0% from 5 in January of 2015. Sales/list price ratio in January moved up to 96.1% from 93.4% in December.
Prices
Median price in January was $501,000. This is down 22.9% from $650,000 in January of 2015. This is the lowest median price has been since December, 2014. 3-month median price of $635,000 in January was up just slightly from $620,000 in December and up considerably from $525,000 in January of 2015. Price per square foot in January was $297. This is down from $298 in December but up from $292 in January of 2015.
Inventory
Inventory of 49 in January was down 3.9% from 51 in December but up 32.4% from 37 in January of 2015. New listings of 8 in January were up slightly from 7 in December but down moderately from 10 in January of 2015. Months of supply of 6 in January was down a little from 6.3 in December but way up from 4.2 in January of 2015. On a year-over-year basis, months of supply has been falling for 5 months. This is the lowest months of supply has been since March, 2015.
Market Time
Days on market of 100 in January was down just slightly from 105 in December but up considerably from 83 in January of 2015.
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