January 2025 Market Report | Home Prices Rise as Sales Slow
Donald Horne, Broker / Owner, Team Success Listing LLC
Closed Sales dropped 2.5%, signaling a slight slowdown in completed transactions.
Pending Sales declined 5.0%, indicating softer buyer demand.
Median Sale Price surged 9.2%, showing that home values continue to rise despite lower sales activity.
New Listings increased 5.0%, giving buyers more options.
Homes On Market rose 15.0%, reflecting an increase in available inventory.
Average Days On Market reached 49 days, up by 6 days, suggesting homes are taking longer to sell.
What This Means for Buyers & Sellers
For sellers, rising home prices may seem promising, but longer days on market and declining sales mean pricing competitively is key.
For buyers, more inventory could offer better opportunities, though affordability remains a challenge with rising prices.
The market is shifting—whether you’re looking to buy or sell, strategic planning is crucial. Need expert guidance? Let’s talk!
I’m Donald Horne, a real estate expert specializing in helping homeowners sell their properties smoothly and successfully. Whether you’re downsizing, moving up, relocating or dealing with an expired listing, I offer personalized service, strategic guidance and proactive communication to ensure your home sells at the best price and on your timeline.
Donald Horne / Broker-Owner
Team Success Listing LLC
teamsuccesslisting@gmail.com / 1-810-338-0628
https://www.teamsuccesslisting.com
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