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Market Statistics


January 2024

U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.

  • New Listings were up 23.4 percent to 327.
  • Pending Sales increased 17.1 percent to 247.
  • Inventory grew 27.7 percent to 940 units.
  • Prices moved higher as Median Sales Price was up 2.3 percent to $269,443.
  • Days on Market increased 20.4 percent to 65 days.
  • Months Supply of Inventory was up 32.1 percent to 3.7 months, indicating that supply increased relative to demand.