Weekly Market Update | Jan 26th – Feb 1st

This Week’s Stats

New Listings: 128 ↓ (150)
Pending Sales: 190 ↑ (155)
Sold Homes: 69 ↑ (55)
Price Reductions: 60 ↑ (58)

Weekly Trend Overview

Buyer activity picked up meaningfully this week. Pending sales jumped while new listings slowed, a signal that motivated buyers are absorbing inventory quickly. At the same time, price reductions ticked up slightly, showing that sellers who miss the mark on pricing are adjusting faster than they were earlier this winter.

What This Means for You

For Buyers
More homes are going under contract, which means competition is back in play for well priced listings. That said, price reductions are still happening, creating opportunities if you are watching closely and ready to move quickly when the right one pops up.

For Sellers
Buyers are active, but pricing matters more than ever. Homes that hit the market priced correctly are moving. Those that are a little ambitious are adjusting. Strong presentation and a smart pricing strategy are key right now.