January 2026 Market Update

COMPREHENSIVE REVIEW OF OUR LOCAL REAL ESTATE MARKET

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January 2026 opened with a noticeably more cautious tone compared to last year. While the median sale price declined 8% year-over-year to $724,000, this shift reflects more negotiation and price sensitivity rather than a dramatic market correction. Buyers are active, but they are deliberate — taking more time to make decisions, which is reflected in the increase in median days on market to 33 days.

Sales volume tells the clearer story. With homes sold down 26.3% year-over-year, activity slowed meaningfully to start the year, even as new listings rose slightly. That combination signals a market where buyers have more options and are exercising patience. Sellers who are priced correctly and well-prepared are still transacting, but the urgency we saw in prior years has softened.

What January shows us is not instability, but recalibration. The market is functioning, just at a more measured pace. Negotiation has returned, conditional offers are common, and pricing strategy matters more than ever.

Looking ahead to Spring 2026, we can reasonably expect gradual improvement in activity as confidence builds and buyers adjust to stabilized interest rates. However, price growth is likely to remain modest and uneven, driven more by property type and condition than broad market momentum. The advantage this year will go to those who prepare early, price realistically, and understand micro-market dynamics rather than relying on headline trends.

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