Compared to the results for January 2013, the median sales price of all attached and detached homes rose 18 percent last month to $165,000, while the number of homes changing hands dipped 8 percent to 5,709 units.
The average number of days those homes sold in January spent on the market before going under contract was 107, or 35 days less than a year earlier. Meanwhile, the inventory of homes listed for sale continued to tighten, falling to 28,774 at the end of January. That is down 1 percent from the prior month and 16 percent from January 2013. The RE/MAX analysis is based on home-sale data gathered by MRED LLC, the regional multiple listing service
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