Market Shows Positive Growth in January
Posted by Brian VanBart on
The real estate market showcased several positive trends despite a temporary dip in sales activity. With 370 transactions, sales activity saw a decline of 20.3% compared to the previous year. However, the average home price remained robust at $639,486, marking a 4.5% increase from January 2024. This stability in pricing is a strong indicator that interest and demand in the market are still healthy.
Given the stable average prices and the rise in new and active listings, we are optimistic that sales activity will gain momentum in the coming months. The market fundamentals remain strong, and we anticipate a positive rebound in sales activity as we progress through the year.
LSTAR Chair Dale Marsh commented, "The increase in new and active listings is…
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