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January 2020 Market Stats

Posted by Andy Boldt on February 5, 2020
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The cold weather of January didn't slow the market down for the beginning of 2020. In fact, property sales were 6% above the 10-year average even while the amount of new listings was over 10% lower than the average. 

While we have had an increase of new & active listings in comparison to last month, the amounts are significantly lower then last year. With 5,143 active listings at the end of January we found ourselves 14.2% lower than the amount of active listings in January 2019. There were 2,216 new listings that came in throughout January, which is 133% higher then last month, but 15.1% lower than last year. 

There were 974 sales processed in January, which is a decrease of 21.9% when compared to our busy December. In comparison to last January, sales are up 24.2%.

These numbers saw us slip into a balanced market again at a Sales-to-Active Ration of 19%. 


The benchmark prices for homes across the Valley saw slight increases both month to month and in comparison with last year. 

The Single Family Detached home came in at $960,800, which is a 0.7% increase compared to December 2019 and as well as January 2019.

Townhomes have a benchmark price of $518,000, which is an increase of 0.6% compared to December 2019 and a decrease of 0.8% compared to January 2019

Apartments saw an increase from December 2019 of 0.7% which put it at $408,400 and that is a decrease of just 0.1% in comparison to January 2019.


To see the full detailed stats Click Here