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Home Prices

The median home price was $470,253 in January, which was an increase of 0.1 percent from December and a 0.01 percent increase from January of last year.

 

Home Sales

A seasonally adjusted 43,082 homes were sold in January, which was down 1.5 percent from December and down 2.0 percent from January of the previous year. Currently, 2017 is trailing 2016 by approximately 881 home sales.

 

Inventory - Month's Supply

The sales-to-new-listings ratio increased to 67.7 percent in January, while a seasonally adjusted 63,667 new listings came on the market. This ratio could indicate a seller's market in the majority of regions..