Weekly Market Update | Jan 20th – Jan 26th

This Week’s Stats

New Listings: 150 ⬆️ (111 last week)
Pending Sales: 155 ⬆️ (153 last week)
Sold Homes: 55 ⬇️ (100 last week)
Price Reductions: 58 ⬇️ (62 last week)

Weekly Trend Overview

New listings jumped significantly this week, giving buyers more fresh inventory to look at. Pending sales inched up again, showing that buyer activity is still steady. Closed sales dipped, which is not unusual this time of year and often reflects contracts written earlier in the month. Price reductions pulled back slightly, suggesting sellers may be pricing a bit more realistically or holding firm early in the year.

What This Means for You

For Buyers
More new listings means more choices and a better chance to find the right fit. Even with steady competition, the slower pace of closed sales can create opportunities to negotiate, especially on homes that have been sitting.

For Sellers
Buyer activity is still there, but pricing and presentation matter more than ever. With inventory rising, homes that are priced correctly and show well are the ones moving into pending status.