If we look at Single Family Homess, there were 23% MORE closed sales in January 2025 versus January 2024. The average sale price is DOWN 6.4% and the number of active listings on the market year over is UP 42.6%
In the condo and townhouse market, there were 2.6% LESS closed sales in January 2025 versus January 2024. The average sale price is DOWN 12.9% and the number of active listings on the market year over is UP 16.4%
Mortgage Rates
Continue to Drop
This week, mortgage rates decreased to their lowest level in over two months. The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home.
