January 2021 – Market Statistics
Here is a quick run-down of activity in January:
- January sales have been the highest this month since 2014:
- Lending rated are super low… this is allowing more people to get into home ownership;
- New listings are slightly higher than the last two months;
- We have 4035 units in inventory, this is far lower than the last six years!
- Benchmark prices y/y have been relatively constant, with an overall gain of 2%.
Given all this, it is entirely possible that we will see significant price increases in the spring.