Sales
There were 11 unit sales in January. This is up 57.1% from 7 in January of 2015. Sales/list price ratio in January moved down to 90.7% from 92.6% in December.
Prices
Median price in January was $1,500,000. This is up 6.6% from $1,407,500 in January of 2015. 3-month median price of $1,530,000 in January was down a little from $1,727,500 in December but up slightly from $1,407,500 in January of 2015. Price per square foot in January was $455. This is down from $688 in December and down from $513 in January of 2015.
Inventory
Inventory of 108 in January was up 13.7% from 95 in December and up 31.7% from 82 in January of 2015. New listings of 29 in January were up substantially from 5 in December and up considerably from 19 in January of 2015. Months of supply of 6.9 in January was up slightly from 6.2 in December and up modestly from 6.1 in January of 2015.
Market Time
Days on market of 140 in January was up considerably from 93 in December and up somewhat from 112 in January of 2015. This is the highest days on market has been since March, 2015.
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