January Home Prices See Fourth-Largest Annual Gain
2022 began will home prices up 19.2 percent compared to January 2021
2022 began will home prices up 19.2 percent compared to January 2021
The average sales price of new houses sold last month was $496,900
The median existing-home sales price rose 15.4 percent on a year-over-year basis to $350,300
Demand, however, persisted as sales rose 7.5 percent
Existing, single-family home sales were up 3.4 percent across the state
Demand for second homes was up 87 percent from pre-pandemic levels in January, the highest level in a year
The monthly “good time to buy” measure hit an all-time low in January amid rising prices and shrinking inventory
The percentage of going into contract within two weeks hit the highest numbers on record for the month
The median home sale price surged 16 percent year-over-year during the week ending January 9
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