02/17/2026
I wanted to share a brief update on our local real estate market using the most recent data through January 2026.
When comparing January 2026 to January 2025, home prices have experienced a modest adjustment. The average sale price decreased 5.4%, moving from $600,300 last year to $568,000. During the same period, the median sale price declined 5.0%, from $537,000 to $510,000. These shifts reflect a market that is continuing to normalize after several years of elevated pricing.
Sales activity has also slowed. A total of 1,111 homes closed in January, which represents an 8.4% decrease from the 1,213 closings in January 2025. Closed sales were also down 32.0% from December 2025, when 1,633 homes closed—an expected seasonal slowdown as we move into the early months of the year.
Inventory levels have increased as well. January ended with 4.3 months of inventory on the market. For perspective, the last time inventory was this high was February 2013, when it reached 4.5 months. Along with higher inventory, total market time increased to 89 days, meaning homes are taking longer to sell and pricing and presentation have become more important factors.
Overall, the market is showing signs of balance. Buyers are benefiting from more choices and less urgency, while sellers who price strategically and prepare their homes properly are still achieving solid results. As always, market conditions can vary by neighborhood, price range, and property type.
If you’d like to discuss how these trends affect your home or your buying power to purchase a home, I’d be happy to provide a personalized analysis.
Warm regards,
The Potts Home team
