Real Estate Market January 2022 Statistics

Enjoying the last little bit of winter we have left!

January, a new year, but not a whole lot has changed, as expected from sales. January picked up and we saw an increase in listings with new listings at 569 compared to 331 in December, increasing the inventory slightly albeit only 20 listings at the end of January, so nothing really to write home about, we are still at 48% of the 5-year average for this time of year. Spring this year begs to be crazier than last spring, bad news for buyers but good news for sellers.

• 420 total sales in January (Up from 376 sales in December and the January historic 5-year average is 298 sales.)

• 902 total active listings which is up from 882 in December but down compared to the 5 year average of 1,878 listings for January we are sitting at 48% of the average amount of listings for this time of year.

• January median days to sell was 25 and the average days to sell was 44.

Single Family Residential Homes

• Single-Family Sales 171

• New Listings 245

• Current Inventory 390 (399 in December and 517 last January)

• Total Sold Dollar Value $ 202,523,444

• Median Days to Sell 21

• Average Days to Sell 42

• Average Sale Price $ 1,184,348

Townhome Activity

• Townhome Sales 67

• New Listings 81

• Current Inventory 95

• Total Sold Dollar Value $ 47,398,800

• Average Days to Sell 40

• Median Days to Sell 23

• Average Price $ 707,445

Apartment/Condo

• Condo/Apt Sales 103

• New Listings 130

• Current Inventory 196

• Average Days to Sell 43

• Median Days to Sell 35

• Average Price $ 533,004

• Median Price $ 485,000

Let me know if there is anything I can do for you!

Have a great week, and feel free to reach out !

MARK