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Single-family sales declined to 4,999 homes compared to a year earlier, when 5,047 homes sold in January 2025, HAR reports. The median home price decreased to $322,045, its lowest level since January 2024, when it stood at $320,000.
What else: The average single-family home price rose 2.8% to $416,722, driven largely by more activity in the luxury market, according to the report. The luxury segment was the strongest-performing sector, with transactions up 15.5% year over year, the report states. As inventory expanded, homes averaged 66 days on the market, up from 61 days in 2025.
Quote of note: “With rates expected to ease a little this year, buyers who have been waiting on the sidelines may start to feel more confident and enter the market. That should help maintain demand and create additional opportunities for sellers throughout the year,” HAR Chair Theresa Hill said.
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