Closed sales (1,663) rose 14.6% from the 1,451 closings recorded last year in January 2019 and decreased 24.9% compared with the 2,213 closings recorded last month in December 2019.

Pending sales (2,271) increased 11.1% over the 2,045 offers accepted in January 2019, and rose 28.2% over the 1,772 offers accepted last month in December 2019.

New listings, at 2,754, decreased 9.6% from January 2019 (3,048) and rose 116.9% from December 2019 (1,270). Inventory increased to 2.2 months this December, while total market time increased to 74 days.

Comparing January 2020 to January 2019, the average sales price has increased 6.3% from 435,600 to 463,000. In the same comparison, the median sales price has increased 5.5% from 384,900 to 406,000.