January 2018

Local Market Review: Sales and Prices Increase in January 2018

Housing data released by MIBOR from the BLC® Listing Service today shows (year-over-year):

• Pending Sales: increased 3.1 percent in January, 6.8 percent for the quarter
• Closed Sales: increased 5.3 percent in January, 3.8 percent for the quarter
• Median Sales Price: up 10.0 percent in January to $158,000
• Average Sales Price: up 5.6 percent in January to $192,732
• New Listings: decreased 3.8 percent in January, and dropped 3.0 percent for the quarter
• Months of Inventory dropped to 2.3