JANUARY 2026 – WRAPPING UP 2025 WITH CONSISTENT MARKET CONDITIONS
December finished off 2025 with another month of consistent conditions in our local real estate market. Below, we’ll take a closer look at how prices, sales, and inventory levels have shifted across each property type as we head into 2026!
Last month, residential property sales came in 4% lower than December of last year, while total listing inventory rose by 2%, reaching 2,333 active listings. The overall average price across all residential categories remains strong at $878,311, up 7% over last years average price.
The table below highlights where the 240 total monthly sales came from and where inventory levels are sitting for each property type. On average, it is taking about 74 days to sell a home, depending on the category.
SINGLE FAMILY HOME MARKET UPDATE
Sales in the single-family sector increased by 6%, coupled with a 6% decrease in inventory compared to last year. With a 4% gain in average price, the typical single-family home remains above the 1 million dollar price point.
TOWNHOUSE MARKET UPDATE
The townhouse market remained active with sales sitting 10% above last years numbers. Inventory edged up by 1%, and townhomes continue to make up nearly 14% of all active listings. The average sale price is sitting at $641,177, 6% lower than last December.
CONDO MARKET UPDATE
Last month condo sales decreased by 30%, while available listings grew by 15%. With more available inventory, the condo market still shows seasonally healthy engagement.
SUPPLY & DEMAND
The months of inventory levels are our best way to determine the strength or weakness of the market…and to recap our benchmarks:
Less than 4 Months of Inventory is a Seller’s Market
4 to 6 Months of Inventory is a Balanced Market
More than 6 Months of Inventory is a Buyer’s Market
We’ve been tracking the Months of Inventory – the graph below outlines how the last month of 2025 went compared to the same time periods in the previous 3 years. In December 2025, we were sitting at 9.7 months of inventory, up from 9.1 months in December 2024. This keeps us in a buyer’s market for now, offering more options for buyers as we head into the new year!
What does all this mean? Is now the time to make a move? I would love to discuss what may be right for you – Please feel free to reach out any time!
