January data points from REIN:

  • Active residential listings were 3,538 for January, up month-over-month 1.4% from 3,489 in December. Active listings are also up 8.33% year-over-year from 3,266 in January 2023.
  • Pending sales totaled 1,837, an increase of 21.7% from 1,509 for the month prior, but down from 1,843 year-over-year.
  • Settled sales for January were 1,470. That’s down from 1,708 the month prior and down from 1,501 in January 2023.
  • Median sale price (MSP) of homes sold during January was $320,500. That’s down from $330,000 in December, but up from $303,000 in January 2023.
  • Month’s Supply of Inventory (MSI) for the month was 1.72, up slightly from 1.69 in December and up from 1.27 during the same month last year. MSI is a calculation of how many months there would be homes on the market if no new inventory was added.
  • Median days on market (DOM) for the month was 32 – the highest it has been in the past three years. The DOM was 28 last month and 27 in January 2023.
  • Residential new construction sold via the MLS during the month was 215, compared to 209 last month and 197 last year.

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