There were 35 unit sales in January. This is up 75.0% from 20 in January of 2013. Sales/list price ratio in January moved down to 97.6% from 98.1% in December.
Median price in January was $1,000,500. This is up 28.9% from $776,250 in January of 2013. 3-month median price of $1,000,250 in January was up slightly from $926,000 in December and up considerably from $760,000 in January of 2013.
Inventory of 92 in January was up 24.3% from 74 in December but down 17.1% from 111 in January of 2013. New listings of 46 in January were up considerably from 20 in December but down just slightly from 48 in January of 2013. Months of supply of 1.7 in January was up somewhat from 1.4 in December but down a little from 2.1 in January of 2013.
Days on market of 73 in January was up substantially from 46 in December but down slightly from 85 in January of 2013. This is the highest days on market has been since February, 2013.
National Realty Investment Advisors, LLC (NRIA) is a project management firm that coordinates the financing, construction, tenanting, and resale of 100% new construction, luxury investment townhomes for qualified investors.