Today, we’ll go over a brief market update for the month of January.
In January 2016, we experienced 2,896 home sales. That’s a 4% increase since 2014. The average sales price was up 13% from 2014, jumping from $327,008 to $370,378 in January. Additionally, the average days on market was down 3% from 2014, from 39 days on market to 38 days on market.
The big news is that if we look at the last five years of average sales price in the month of January, we saw a whopping increase from 2012 to 2016. In 2012, the average sales price was $248,037 to $370,378.
Prices are still on the rise, so if you have any questions, give us a call or send us an email. We would be happy to help you!