Today we released our January 2011 housing data and for the 2nd straight month, single-family home sales were up compared to the year before. However, while sales were up for two straight months, median prices were down for two straight months. Condo sales and median prices were both down in January as well.
The number of homes for sale continued to go up, but January was the first single-digit percentage increase after six straight months of double-digit percentage increases. Our feeling is that the snow had an impact on the number of homes for sale in January.
Click here to see the January 2011 Housing Release and listen to the monthly podcast with MAR President Laurie Cadigan.
Highlights from the release:
- Single-family home sales were up 13.1% compared to last year (for the 2nd straight month)
- Single-family median prices were down 5.2% (for the 2nd straight month)
- Condo sales were down 5.2% compared to the same time last year.
- The median price for a condo was down 3.9% compared to last year.