January's homes sold is up appx. 10% from January 2019.
Amount of homes sold in January 2020 is 768.
Median sales price is $200,929 which is on par with 2019.
Average days on the market is up slightly from 2019, to 77 days on market.
It would take approximately 6 months to run out current homes for sale, compared to January 2019, when there was only 3 months worth of homes for sale.
What does this mean for the market?
This means February 2020 will be a stable month, both a buyers and a sellers month. With just enough homes on the market, we are seeing a
1-in-1-out, one home sells another is listed, market trend.
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