JANUARY 2021 New Listings:
We start by looking at the NEW LISTINGS that came on the market in January and we begin with 2019, where we see there were 440 NEW LISTINGS that came on the market. In January of 2020, we find we decreased by -11.1 percent with 391 NEW LISTINGS. This year in January of 2021, we decreased again by -12.5 percent with 342 NEW LISTINGS.
JANUARY 2021 Homes for Sale:
We again, start by looking at January of 2019, where we see there were 898 HOMES FOR SALE. In January of 2020, we find a decrease of -11.7 percent with 793 HOMES FOR SALE. This year in January of 2021, we decreased significantly by -71.5 percent with only 226 HOMES FOR SALE.
JANUARY 2021 Pending Sales:
Let's view January of 2019, where we see there were 298 PENDING SALES. In January of 2020, we increased by +18.5 percent with 353 PENDING SALES. This year in January, we increased again by +5.7 percent with 373 PENDING SALES.
JANUARY 2021 Median Days on Market:
Let's view January of 2019, where we see there were 24 MEDIAN DAYS ON MARKET. In January of 2020, we decreased from the previous year with 25 MEDIAN DAYS ON MARKET. This year in January, we decreased by -80.0 percent to 5 MEDIAN DAYS ON MARKET.
JANUARY 2021 Months Supply of Homes for Sale:
In January of 2019, the MONTHS SUPPLY OF HOMES FOR SALE was 2.6. In January of 2020, we decreased by -23.1 percent with a 2.0 MONTHS SUPPLY OF HOMES FOR SALE. This year in January, we decreased by -75.0 percent with only 0.5 MONTHS SUPPLY OF HOMES FOR SALE!
So there is your comprehensive LOCAL look at the real estate market. If you are considering a sale of your home then now might be a perfect time as the competition is low as we mentioned the inventory of homes is down by -71.5 percent from 2020 and the number of days on market is down by -80.0 percent to only 5 days! If you are interested in buying a home then let us help you get a competitive advantage. Please reach out to the Linda Hall Team. We'd love to assist you!!