Market Update | January 2024

Dated: February 18 2024

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In January compared to December, the real estate market saw a significant increase in new listings by 89.2%, while active inventory slightly decreased by 3.3%. Pending sales showed a positive trend, rising by 14%, but closed sales experienced a decline of 15.8%. The average sales price dipped by 3.8%. Notably, inventory levels rose to 3.2 months in January, and the total market time increased to 68 days.

 

Highlights –January 24 VS December 23

  • New listings increased by 89.2% in January compared to December.
  • Active inventory decreased slightly by 3.3%.
  • Pending sales saw a positive trend, rising by 14%.
  • Closed sales experienced a decline of 15.8%.
  • The average sales price dipped by 3.8%.
  • Inventory levels rose to 3.2 months in January.
  • Total market time increased to 68 days.
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Dave Woody

Dave works diligently behind the scenes to make Real Estate easy for you. He services clients in Washington and Oregon and joined NextHome Realty Connection to grow his business. Real Estate draws on ....

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