Best January in 16 years!
January MLS® sales were up 9% while dollar volume climbed 10% in comparison to the same month last year.
Nearly two of every three residential-detached properties sold for below list price in January and the same result applied for condominiums. Where the two property types differed was in the percentage of properties selling for above list price. 24% of residential-detached sold above list price while only 17% of condominiums ended up selling for more than list price.
The most active residential-detached price range was from $150,000 to $199,999 at 21%. The $200,000 to $249,999 price range captured 18% of the market while $250,000 to 299,999 registered 19%. For condominiums, the $150,000- $199,999 price range led the way at 37% of total sales.
The average days on market for residential-detached sold properties was 44 days and the average days on market for condominiums was 41 days.