January Market Update

by Joe Pierson

📊 Market Overview – January 2026

Total Homes Sold: 2,166
- This is a 0.87% decrease compared to January 2025.
- Breakdown:
  - 1,657 Single-Family Homes
  - 509 Condos/Townhomes
While sales volume dipped slightly, activity remains relatively steady, with only a minor year-over-year decline.

⏳ Days on Market

58 median days on market, up from 51 in December.
- Homes are taking longer to sell, possibly due to seasonal slowdown or buyers being more cautious heading into the new year.

💵 Pricing Trends

Median Price per Sq. Ft.: $229.37
Single-Family Homes:
- Median Price: $563,000
- Up 1.43% from January 2025
- Indicates modest appreciation and continued buyer interest
Condos/Townhomes:
- Median Price: $395,000
- Down 2.47% from January 2025
- Shows softening demand or increased supply in this segment

📦 Residential Inventory

4,742 listings entered in January 2026
Compared to 4,461 listings in January 2025
- A 6.3% increase in inventory, which provides buyers with more options and reduces urgency in the market.

🔍 Key Insights

🟢 For Buyers:

More listings and longer time on market means more choices and negotiating power.
Condo/townhome pricing is easing, which could open affordable entry points.

🔴 For Sellers:

While pricing is still healthy, especially for single-family homes, strategic pricing is crucial as competition increases.
Expect homes to stay on the market a bit longer than in recent months.

📈 For Investors:

The slight dip in condo values may signal opportunities for acquisition, while single-family home pricing shows stable long-term growth potential.

📌 Bottom Line

January 2026 shows signs of a cooling but stable market: slight dip in sales, rising inventory, longer days on market, and modest price movement. The market is entering a more balanced phase where buyers gain some leverage, but sellers can still benefit from healthy home values—especially in the single-family segment.