HAR Report: Days on Market, or the actual time it took to sell a home, grew from 39 to 59 days. Months supply registered 2.7 months compared to 1.3 months a year earlier. The current national supply stands at 2.9 months, as reported by NAR.
Broken out by housing segment, January sales performed as follows:
$1 - $99,999: decreased 17.0 percent
$100,000 - $149,999: decreased 24.3 percent
$150,000 - $249,999: decreased 35.1 percent
$250,000 - $499,999: decreased 29.6 percent
$500,000 - $999,999: decreased 22.6 percent
$1M and above: decreased 25.7 percent
HAR also breaks out sales figures for existing single-family homes. Existing home sales totaled 3,255 in January, down 36.8 percent from the same month last year. The average and median sales prices were unchanged at $374,519 and $300,000, respectively.