The real estate market has been wild in the last three years. But has the market shifted? We are just in the second month of 2023, and so far, statistics show at the end of January that the market balance was still in the sellers’ market territory.
Home sales were down by 13.3% in January. The total number of houses sold was 98, lower than January 2022 sales of 113.
There were 161 houses that were listed for sale in January, up 20.1% compared to the 134 houses that went up for sale in January last year.
But house prices continue to rise. The benchmark price $265,200 in January 2023, which shows an increase of $4.8% from $253,100 in January 2022.
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