HAR Report: Days on Market, or the actual time it took to sell a home, eased slightly from 60 to 58 days. Months of inventory registered a 3.3-months supply for the second consecutive month and compares to 2.6 months a year earlier. The current national supply stands at 3.2 months, as reported by NAR.
Broken out by housing segment, January sales performed as follows:
$1 - $99,999: decreased 6.4 percent
$100,000 - $149,999: unchanged
$150,000 - $249,999: unchanged
$250,000 - $499,999: increased 13.0 percent
$500,000 - $999,999: increased 16.7 percent
$1M and above: increased 15.4 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 3,488 in January, up 8.2 percent from the same month last year. The average price rose 3.7 percent to $387,520 and the median sales price rose 3.3 percent to $310,000.