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Market Report



Market Summary

January 2024 | Single Family
 
Market   Month to Date     Market Month to Date Year to Date  
Summary January 2024 January 2023 %Change YTD 2024 YTD 2023 %Change
New Listings 39 70 -44.29% 39 70 -44.29%
Sold Listings 27 37 -27.03% 27 37 -27.03%
Median List Price (Solds) $996,000 $865,000 15.14% $996,000 $865,000 15.14%
Median Sold Price $986,000 $845,000 16.69% $986,000 $845,000 16.69%
Median Days on Market 111 100 11% 111 100 11%
Average List Price (Solds) $1,171,022 $1,089,594 7.47% $1,171,022 $1,089,594 7.47%
Average Sold Price $1,144,492 $1,047,474 9.26% $1,144,492 $1,047,474 9.26%
Average Days on Market 110 106 3.77% 110 106 3.77%
List/Sold Price Ratio 98.1% 96.6% 1.54% 98.1% 96.6% 1.54%

New Properties

January 2024 | Single Family
 
Number of new properties listed for sale during the month
 
 

Average Sales Price

January 2024 | Single Family
 
Average price for sold properties (6-month Moving Average)
 
 

Average Sales/List Price

January 2024 | Single Family
 
Average list price compared to average sold price of properties sold each month (6-Month Moving Average)
 
 

Average Asking/Sold/Unsold Price

January 2024 | Single Family
 
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
Unsold Price | the average active list price
 
 

Properties for Sale

January 2024 | Single Family
 
Number of properties currently listed for sale by price range
 
 

Average Sales Price Per Sqft

January 2024 | Single Family
 
Average Sales Price per SqFt for the previous two years
 
 

Months Supply of Inventory

January 2024 | Single Family
 
Properties for sale divided by the number of properties sold
 
 

Average Sales Price and Average Days on Market

January 2024 | Single Family
 
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
 
 

Months Supply of Inventory

January 2024 | Single Family
 
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.
 
 

Work With Roxanne

Exclusive access to market insights, combined with cutting-edge tools and strategies, make Roxanne Ibrahim your best choice for buying and selling luxury properties. Roxanne is also a designated Senior Real Estate Specialist.

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