Summary
- Available Listings: 9,712 (-2% from last month)
- New Pendings: 3,802 (+24% from last month)
- YTD Closed Sales: 2,804 (+4% from last year)
- YTD Avg Sale Price: $231k (+10% from last year)
- YTD Price Per Sq Ft: $134 (+5% from last year)
Following a strong 2019 sales year, 2020 is off to a strong start with January new pendings up 24% from the previous month and sales up 4% compared to last year. Average sale price, price per square foot and closed volume were all up—10%, 5% and 15% respectively. Inventory levels continue to drop while a large number of last year’s carry-over buyers battle for affordable move-in-ready listings. In the $250k to $500k price range, January new pendings were up 20% compared to the same month last year. Expect tight inventory coupled with strong demand to continue to lift prices in 2020.
