January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in - 68.4% December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
Closed Sales decreased 23.8 percent for Single Family homes but increased 36.2 percent for Condo/Townhouse homes. Pending Sales decreased 10.0 percent for Single Family homes and 5.9 percent for Condo/Townhouse homes. Inventory decreased 66.8 percent for Single Family homes and 71.9 percent for Condo/Townhouse homes.
The Median Sales Price increased 24.4 percent to $560,000 for Single Family homes and 9.0…
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