Stellar MLS January 2022 Residential Stats
Febuary 09, 2022
Market recap from Broker Ryan Solberg for the Central Florida Area
The statistics for January 22 are out from stellar MLS active listings are down to 14,530 new listings look like they are slightly up from December pending sales R trending down from January but that is most likely due to the holiday season being normally slower than normal. Listings sold in January are up from the previous year by 2% average days on market is now 22 days keep in mind many listings sell within one to two days and many listings sit on the market this is still lower than our 30 day average definitely much lower than last year in January almost half of the time. Total sales volume is up to 5.7 billion for January which is slightly more than 2021 at 4.5 billion our average sales price is up 22% from the previous year we are at $403,825 on average. Months of inventory is still very low with one month of inventory on the market. Hopefully we can gain some more inventory on the market in the coming months as the seasonal buying and selling season heats up for 2022 I would expect it to be a hot one. Keep a look at the interest rates as that will determine how many buyers are in the market.