"New lending rules are now in effect. January saw stable sales but were met with rising new listings, causing further gains in inventory levels and impacting prices. Our recovery still has some work to do as prices eased across all product types last month." Susi Woulds, Remax Landan
January Market Data:
. Total Sales: 958, up 1.59% year over year.
. New Listings: 2,458, up 3.15% year over year.
. Total Listings: 4,623, up 12.48% year over year.
. Average Days on Market: 60, up from 58 last year.
Benchmark Sale Prices:
. Detached House: $499,400, up .14% year over year.
. TownHouse Condo: $328,000, down .33% year over year.
. Apartment Condo: $256,200, down 3.32% year over year.