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ACAR Housing Stats for January 2016

ACAR_block

The January report highlighted one particular stat that many had already guessed: there is a lack of inventory on the market, especially in resales. There were 1,695 Active Listings in January, compared to 1,916 in January of 2015. The Median Price is considerably higher than January 2015 ($237,638 compared to $224,400). It’s interesting to note that there are almost as many new construction homes available as there are resales, with 820 new construction homes compared to 875 resale homes. So if you’re considering when to put your home on the market, now would be a great time! Below are other key stats:

• 459 Homes Sold in January 2016
• $237,638 was the Median Price
• 67 was the Average Number of Days on Market

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