Market Update, February 5, 2026

January’s numbers reveal a market where demand continues softening and buyer urgency has largely disappeared.

Closed sales dropped 20% compared to last January—fewer homes trading hands despite rising inventory. Active listings climbed 7% year-over-year, with attached homes up 14%, a direct consequence of the 30% decline in closed attached home sales. Homes aren’t just sitting longer—they’re accumulating.

The timing shift is substantial. Days on market jumped 23% compared to last January, with attached homes now sitting 37% longer than a year ago. Meanwhile, the median detached home sold for $615,000—down 3.6% year-over-year. That’s real pricing pressure, and it likely understates the situation since homes that fail to sell (and get withdrawn) would have required even deeper price cuts to close.

Attached home prices showed more resilience, with the median edging up slightly to $390,000, though they’re also taking 37% longer to sell—a clear signal that even stable prices don’t guarantee buyer interest at the same pace as last year.

It’s now clearly a buyer’s market for attached homes.

The pattern is clear: sellers face a market where pricing, preparation and patience matters more than it has in years, and buyers are taking their time rather than competing in bidding wars. January’s numbers show this dynamic gaining momentum, not losing it.

Our local market in January:

Residential – Detached and Attached Homes

Average Closed Price: $676,548
-0.02% month-over-month
-1.39% year-over-year

Median Closed Price: $569,500
-0.96% month-over-month
-0.96% year-over-year

Active Listings at the End of the Month: 8,228
+8.16% month-over-month
+7.02% year-over-year

Closed Homes: 1,919
-40.55% month-over-month
-19.74% year-over-year

Average Days in MLS: 74
+12.12% month-over-month
+23.33% year-over-year