(HAR Report): Days on Market, or the actual time it took to sell a home, fell from 48 to 39 days. Inventory registered a 1.4-months supply compared to 1.7 months a year earlier. That is the second lowest inventory level of all time. The current national inventory figure stands at 1.8 months, as reported by NAR.
Broken out by housing segment, January sales performed as follows:
$1 - $99,999: decreased 36.0 percent
$100,000 - $149,999: decreased 40.6 percent
$150,000 - $249,999: decreased 34.4 percent
$250,000 - $499,999: increased 36.1 percent
$500,000 - $999,999: increased 47.1 percent
$1M and above: increased 52.2 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 5,213 in January. That was up 8.3 percent from the same month last year. The average sales price rose 16.4 percent to $374,093 while the median sales price climbed 17.6 percent to $300,000.